Advisors Asset Management Inc. raised its position in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 17.1% during the second quarter, Holdings Channel reports. The firm owned 2,152 shares of the company’s stock after buying an additional 315 shares during the quarter. Advisors Asset Management Inc.’s holdings in Kimberly-Clark were worth $291,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its stake in shares of Kimberly-Clark by 5.7% in the first quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock worth $3,372,921,000 after acquiring an additional 1,481,780 shares in the last quarter. State Street Corp grew its stake in shares of Kimberly-Clark by 1.1% in the first quarter. State Street Corp now owns 18,052,213 shares of the company’s stock worth $2,243,722,000 after acquiring an additional 194,143 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Kimberly-Clark by 9.5% in the first quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock worth $1,506,033,000 after acquiring an additional 1,056,127 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 7.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,445,588 shares of the company’s stock worth $670,678,000 after acquiring an additional 397,337 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Kimberly-Clark by 20.3% in the first quarter. Invesco Ltd. now owns 4,422,864 shares of the company’s stock worth $544,719,000 after acquiring an additional 746,907 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on KMB. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Monday, October 3rd. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $118.00 to $117.00 and set an “underweight” rating for the company in a research note on Thursday, October 13th. Bank of America assumed coverage on shares of Kimberly-Clark in a research note on Wednesday, September 14th. They set a “neutral” rating for the company. Atlantic Securities upgraded shares of Kimberly-Clark from a “neutral” rating to an “overweight” rating and set a $135.00 target price for the company in a research note on Wednesday, October 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $117.00 to $120.00 in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $129.38.
Kimberly-Clark Price Performance
Kimberly-Clark (NYSE:KMB – Get Rating) last announced its earnings results on Tuesday, October 25th. The company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.11). Kimberly-Clark had a net margin of 8.84% and a return on equity of 250.21%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the previous year, the company posted $1.62 earnings per share. Kimberly-Clark’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Co. will post 5.59 EPS for the current year.
Kimberly-Clark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.53%. Kimberly-Clark’s payout ratio is 87.88%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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