B. Riley Wealth Advisors Inc. grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 74.0% in the third quarter, HoldingsChannel reports. The fund owned 20,221 shares of the company’s stock after buying an additional 8,603 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kimberly-Clark were worth $2,277,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. S&CO Inc. grew its holdings in shares of Kimberly-Clark by 0.3% during the 2nd quarter. S&CO Inc. now owns 27,830 shares of the company’s stock worth $3,761,000 after purchasing an additional 74 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Kimberly-Clark by 0.9% during the 2nd quarter. Clearstead Advisors LLC now owns 8,973 shares of the company’s stock worth $1,213,000 after purchasing an additional 79 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of Kimberly-Clark by 22.3% during the 2nd quarter. Capital Analysts LLC now owns 444 shares of the company’s stock worth $60,000 after purchasing an additional 81 shares in the last quarter. Kore Private Wealth LLC grew its holdings in shares of Kimberly-Clark by 3.2% during the 3rd quarter. Kore Private Wealth LLC now owns 2,586 shares of the company’s stock worth $291,000 after purchasing an additional 81 shares in the last quarter. Finally, Doyle Wealth Management grew its holdings in shares of Kimberly-Clark by 1.4% during the 3rd quarter. Doyle Wealth Management now owns 6,033 shares of the company’s stock worth $679,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 74.16% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on KMB shares. Wells Fargo & Company decreased their price target on Kimberly-Clark from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 26th. Citigroup started coverage on Kimberly-Clark in a research note on Thursday, February 16th. They issued a “sell” rating and a $120.00 price target on the stock. Barclays decreased their price target on Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Friday, January 27th. JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday, January 26th. Finally, StockNews.com began coverage on Kimberly-Clark in a research note on Thursday. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $128.00.
Kimberly-Clark Trading Down 1.2 %
Kimberly-Clark (NYSE:KMB – Get Rating) last released its earnings results on Wednesday, January 25th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 264.67% and a net margin of 9.59%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. Analysts predict that Kimberly-Clark Co. will post 5.92 EPS for the current fiscal year.
Kimberly-Clark Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Friday, March 10th will be given a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.16. Kimberly-Clark’s payout ratio is presently 82.52%.
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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