Abbot Financial Management Inc. acquired a new stake in shares of Kimberly-Clark Corporation (NYSE:KMB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,626 shares of the company’s stock, valued at approximately $2,017,000. Kimberly-Clark Corporation comprises about 1.8% of Abbot Financial Management Inc.’s portfolio, making the stock its 20th largest holding.

Several other large investors also recently made changes to their positions in KMB. Tortoise Investment Management LLC lifted its position in shares of Kimberly-Clark Corporation by 4.7% during the 1st quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after acquiring an additional 34 shares during the last quarter. Heritage Trust Co lifted its position in shares of Kimberly-Clark Corporation by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock valued at $128,000 after acquiring an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its position in shares of Kimberly-Clark Corporation by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after acquiring an additional 400 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Kimberly-Clark Corporation by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock valued at $135,000 after acquiring an additional 143 shares during the last quarter. Finally, Mosaic Family Wealth LLC lifted its position in shares of Kimberly-Clark Corporation by 0.5% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after acquiring an additional 6 shares during the last quarter. Institutional investors own 70.60% of the company’s stock.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. UBS AG restated a “neutral” rating and issued a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Royal Bank Of Canada restated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Finally, BidaskClub lowered Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $127.14.

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Kimberly-Clark Corporation (KMB) opened at $115.35 on Tuesday. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. The firm has a market cap of $40,212.90, a price-to-earnings ratio of 18.71, a PEG ratio of 2.97 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period in the prior year, the business posted $1.52 earnings per share. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% compared to the same quarter last year. research analysts predict that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.

Kimberly-Clark Corporation 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.

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

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