Kimberly Clark Corp (KMB) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. raised its holdings in Kimberly Clark Corp (NYSE:KMB) by 10.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 78,439 shares of the company’s stock after buying an additional 7,484 shares during the quarter. Financial Counselors Inc.’s holdings in Kimberly Clark were worth $9,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KMB. BB&T Investment Services Inc. boosted its stake in shares of Kimberly Clark by 20.9% in the third quarter. BB&T Investment Services Inc. now owns 16,029 shares of the company’s stock worth $1,892,000 after acquiring an additional 2,773 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in shares of Kimberly Clark in the third quarter worth approximately $9,404,000. Cornerstone Capital Inc. boosted its stake in shares of Kimberly Clark by 6.1% in the third quarter. Cornerstone Capital Inc. now owns 142,786 shares of the company’s stock worth $16,803,000 after acquiring an additional 8,240 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Kimberly Clark by 29,110.9% in the third quarter. Stifel Financial Corp now owns 778,470 shares of the company’s stock worth $91,647,000 after acquiring an additional 775,805 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Kimberly Clark by 106.6% in the third quarter. Pinebridge Investments L.P. now owns 148,568 shares of the company’s stock worth $17,484,000 after acquiring an additional 76,658 shares during the last quarter. 71.47% of the stock is currently owned by institutional investors.

Kimberly Clark Corp (NYSE KMB) opened at $112.70 on Friday. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market capitalization of $39,640.00, a P/E ratio of 18.60, a P/E/G ratio of 2.93 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly Clark Corp will post 6.21 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were given a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.44%. Kimberly Clark’s dividend payout ratio is currently 64.03%.

KMB has been the topic of a number of research analyst reports. Macquarie initiated coverage on Kimberly Clark in a research note on Friday, September 15th. They issued a “neutral” rating and a $121.00 price target on the stock. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $121.00 price target on shares of Kimberly Clark in a research note on Friday, October 13th. JPMorgan Chase & Co. downgraded Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Finally, Citigroup reiterated a “hold” rating and set a $125.00 price objective (down previously from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $126.50.

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Kimberly Clark Company 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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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