Summit X LLC lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,317 shares of the company’s stock after selling 359 shares during the period. Kimberly Clark comprises 1.0% of Summit X LLC’s holdings, making the stock its 23rd largest position. Summit X LLC’s holdings in Kimberly Clark were worth $2,798,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Arjuna Capital purchased a new stake in shares of Kimberly Clark during the second quarter worth about $324,000. Keudell Morrison Wealth Management raised its holdings in Kimberly Clark by 401.7% in the 2nd quarter. Keudell Morrison Wealth Management now owns 22,918 shares of the company’s stock valued at $3,055,000 after buying an additional 18,350 shares during the last quarter. Bernardo Wealth Planning LLC raised its holdings in Kimberly Clark by 6.2% in the 2nd quarter. Bernardo Wealth Planning LLC now owns 3,113 shares of the company’s stock valued at $415,000 after buying an additional 182 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Kimberly Clark in the 2nd quarter valued at approximately $48,000. Finally, CSat Investment Advisory L.P. raised its holdings in Kimberly Clark by 763.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 527 shares of the company’s stock valued at $71,000 after buying an additional 466 shares during the last quarter. Hedge funds and other institutional investors own 72.07% of the company’s stock.
A number of brokerages recently issued reports on KMB. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Friday, September 27th. Wells Fargo & Co raised their price objective on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated a “hold” rating and issued a $129.00 price objective on shares of Kimberly Clark in a report on Thursday. Morgan Stanley raised their price objective on shares of Kimberly Clark from $139.00 to $140.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Deutsche Bank increased their target price on shares of Kimberly Clark from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average price target of $138.77.
NYSE:KMB traded up $0.26 on Thursday, reaching $144.65. 3,666,303 shares of the stock traded hands, compared to its average volume of 1,695,588. The firm has a market capitalization of $49.57 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 3.65 and a beta of 0.51. The company’s 50 day moving average is $138.51 and its 200-day moving average is $137.00. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. Kimberly Clark Corp has a 1-year low of $107.44 and a 1-year high of $149.23.
Kimberly Clark (NYSE:KMB) last released its earnings results on Thursday, January 23rd. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.01. The business had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.58 billion. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 EPS. On average, equities research analysts forecast that Kimberly Clark Corp will post 6.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, December 5th. Kimberly Clark’s dividend payout ratio is presently 62.33%.
Kimberly Clark Profile
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
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