Webster Bank N. A. increased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,415 shares of the company’s stock after acquiring an additional 100 shares during the period. Webster Bank N. A.’s holdings in Kimberly Clark were worth $189,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in KMB. Comerica Securities Inc. lifted its position in shares of Kimberly Clark by 27.8% in the 4th quarter. Comerica Securities Inc. now owns 8,816 shares of the company’s stock worth $1,011,000 after purchasing an additional 1,919 shares during the period. Geode Capital Management LLC lifted its position in shares of Kimberly Clark by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock worth $470,390,000 after purchasing an additional 308,810 shares during the period. ELM Advisors LLC lifted its position in shares of Kimberly Clark by 11.6% in the 1st quarter. ELM Advisors LLC now owns 2,977 shares of the company’s stock worth $369,000 after purchasing an additional 310 shares during the period. Montecito Bank & Trust lifted its position in shares of Kimberly Clark by 8.3% in the 1st quarter. Montecito Bank & Trust now owns 5,347 shares of the company’s stock worth $662,000 after purchasing an additional 410 shares during the period. Finally, Legacy Advisors LLC purchased a new stake in shares of Kimberly Clark in the 1st quarter worth approximately $118,000. 71.45% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Thursday, April 25th. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $128.81.
NYSE:KMB traded up $0.63 during midday trading on Friday, reaching $135.87. 1,407,842 shares of the stock traded hands, compared to its average volume of 1,556,109. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $140.62. The firm has a 50-day moving average price of $136.55. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The company has a market cap of $46.76 billion, a PE ratio of 20.56, a PEG ratio of 3.63 and a beta of 0.56.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. The business had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.59 earnings per share. Equities analysts forecast that Kimberly Clark Corp will post 6.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.03%. Kimberly Clark’s dividend payout ratio is currently 62.33%.
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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