Baker Ellis Asset Management LLC Buys 220 Shares of Kimberly-Clark Corporation (KMB)
Baker Ellis Asset Management LLC increased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 1.2% during the third quarter, Holdings Channel reports. The fund owned 18,225 shares of the company’s stock after buying an additional 220 shares during the period. Baker Ellis Asset Management LLC’s holdings in Kimberly-Clark Corporation were worth $2,299,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concert Wealth Management Inc. raised its position in Kimberly-Clark Corporation by 1.4% in the third quarter. Concert Wealth Management Inc. now owns 18,179 shares of the company’s stock valued at $2,296,000 after buying an additional 251 shares during the last quarter. River Road Asset Management LLC raised its position in Kimberly-Clark Corporation by 3.9% in the third quarter. River Road Asset Management LLC now owns 250,243 shares of the company’s stock valued at $31,566,000 after buying an additional 9,281 shares during the last quarter. Nwam LLC raised its position in Kimberly-Clark Corporation by 1.1% in the third quarter. Nwam LLC now owns 1,649 shares of the company’s stock valued at $208,000 after buying an additional 18 shares during the last quarter. Bollard Group LLC raised its position in Kimberly-Clark Corporation by 0.6% in the third quarter. Bollard Group LLC now owns 20,069 shares of the company’s stock valued at $2,532,000 after buying an additional 124 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in Kimberly-Clark Corporation during the third quarter valued at approximately $660,000. 67.74% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corporation (NYSE:KMB) traded up 0.139% during mid-day trading on Friday, hitting $114.619. The stock had a trading volume of 710,995 shares. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $138.87. The firm has a market cap of $41.05 billion, a PE ratio of 20.844 and a beta of 0.60. The firm has a 50 day moving average price of $114.92 and a 200 day moving average price of $122.64.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by $0.02. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.73 billion. Kimberly-Clark Corporation had a net margin of 10.96% and a return on equity of 648.51%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the business posted $1.51 earnings per share. Equities analysts predict that Kimberly-Clark Corporation will post $6.00 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Friday, December 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 67.03%.
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Several brokerages recently issued reports on KMB. Barclays PLC lowered Kimberly-Clark Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $125.00 to $109.00 in a research report on Monday. RBC Capital Markets set a $118.00 target price on Kimberly-Clark Corporation and gave the company a “hold” rating in a research report on Monday, January 2nd. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Kimberly-Clark Corporation in a research report on Tuesday, November 15th. Finally, B. Riley reaffirmed a “neutral” rating and set a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $128.60.
In related news, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corporation stock in a transaction on Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the completion of the transaction, the senior vice president now directly owns 30,091 shares in the company, valued at $3,410,513.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Decherd bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was bought at an average price of $113.59 per share, with a total value of $227,180.00. Following the completion of the acquisition, the director now owns 41,944 shares of the company’s stock, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. 0.58% of the stock is owned by corporate insiders.
Kimberly-Clark Corporation 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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