Surevest LLC increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 9.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,752 shares of the company’s stock after purchasing an additional 1,876 shares during the period. Surevest LLC’s holdings in Kimberly Clark were worth $3,360,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Arden Trust Co boosted its stake in shares of Kimberly Clark by 5.4% in the 3rd quarter. Arden Trust Co now owns 8,356 shares of the company’s stock valued at $1,233,000 after purchasing an additional 427 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Kimberly Clark during the 3rd quarter valued at $548,000. Diversified Trust Co boosted its position in Kimberly Clark by 68.2% during the 3rd quarter. Diversified Trust Co now owns 4,589 shares of the company’s stock valued at $678,000 after buying an additional 1,861 shares during the period. Country Trust Bank boosted its position in Kimberly Clark by 37.5% during the 3rd quarter. Country Trust Bank now owns 723 shares of the company’s stock valued at $107,000 after buying an additional 197 shares during the period. Finally, Bowling Portfolio Management LLC purchased a new stake in Kimberly Clark during the 3rd quarter valued at $1,195,000. 71.39% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the stock. TheStreet raised shares of Kimberly Clark from a “c+” rating to an “a-” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. cut shares of Kimberly Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price target for the company. in a research report on Friday. They noted that the move was a valuation call. Jefferies Financial Group increased their price target on shares of Kimberly Clark from $181.00 to $187.00 and gave the company a “buy” rating in a research report on Thursday. Berenberg Bank started coverage on shares of Kimberly Clark in a research report on Friday. They issued a “buy” rating and a $181.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of Kimberly Clark from $146.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $157.88.
Shares of NYSE:KMB traded down $0.99 on Friday, hitting $153.33. The company had a trading volume of 1,357,368 shares, compared to its average volume of 1,806,693. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59. The firm’s 50-day simple moving average is $150.09 and its two-hundred day simple moving average is $144.39. The firm has a market capitalization of $52.29 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 3.63 and a beta of 0.50. Kimberly Clark Corp has a 1 year low of $110.66 and a 1 year high of $160.16.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.40. The company had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.48 billion. Kimberly Clark had a net margin of 13.58% and a return on equity of 1,319.56%. Kimberly Clark’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. Equities research analysts anticipate that Kimberly Clark Corp will post 7.7 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were paid a $1.07 dividend. The ex-dividend date was Thursday, September 3rd. This represents a $4.28 annualized dividend and a dividend yield of 2.79%. Kimberly Clark’s payout ratio is 62.12%.
In related news, insider Kimberly K. Underhill sold 11,715 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $148.00, for a total value of $1,733,820.00. Following the completion of the transaction, the insider now directly owns 44,773 shares in the company, valued at approximately $6,626,404. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Aaron Powell sold 8,663 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $151.38, for a total transaction of $1,311,404.94. Following the completion of the transaction, the insider now owns 8,707 shares of the company’s stock, valued at $1,318,065.66. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
Kimberly Clark Company 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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