Dearborn Partners LLC lessened its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 3.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,009 shares of the company’s stock after selling 6,206 shares during the quarter. Kimberly Clark makes up about 1.6% of Dearborn Partners LLC’s portfolio, making the stock its 25th biggest holding. Dearborn Partners LLC’s holdings in Kimberly Clark were worth $21,537,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. San Francisco Sentry Investment Group CA raised its holdings in shares of Kimberly Clark by 2,385.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 994 shares of the company’s stock worth $117,000 after acquiring an additional 954 shares during the period. Heritage Trust Co raised its holdings in shares of Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the period. Armbruster Capital Management Inc. raised its holdings in shares of Kimberly Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the period. Mosaic Family Wealth LLC raised its holdings in shares of Kimberly Clark by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the period. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Kimberly Clark during the 2nd quarter worth $150,000. 71.47% of the stock is currently owned by institutional investors.
KMB has been the topic of several analyst reports. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and lifted their price target for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a report on Wednesday. Citigroup reiterated a “hold” rating and set a $125.00 price target (down previously from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a report on Friday, October 13th. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average target price of $126.50.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. equities analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a yield of 3.44%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.
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Kimberly Clark Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.
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