M&R Capital Management Inc. Buys 550 Shares of Kimberly-Clark Corporation (KMB)
M&R Capital Management Inc. boosted its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 42.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,847 shares of the company’s stock after acquiring an additional 550 shares during the quarter. M&R Capital Management Inc.’s holdings in Kimberly-Clark were worth $222,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Heritage Trust Co lifted its position in shares of Kimberly-Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in Kimberly-Clark by 63.8% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the period. Armbruster Capital Management Inc. lifted its position in Kimberly-Clark by 15.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after buying an additional 143 shares in the last quarter. Mosaic Family Wealth LLC raised its holdings in Kimberly-Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after acquiring an additional 6 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in shares of Kimberly-Clark by 33.3% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after acquiring an additional 300 shares in the last quarter. 71.61% of the stock is owned by institutional investors.
A number of brokerages have weighed in on KMB. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Societe Generale upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and boosted their price objective for the company from $112.05 to $144.00 in a report on Thursday, November 2nd. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a report on Friday, October 27th. Barclays restated a “hold” rating on shares of Kimberly-Clark in a report on Thursday, October 26th. Finally, Bank of America dropped their price target on shares of Kimberly-Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $127.14.
Kimberly-Clark Corporation (NYSE KMB) traded down $0.67 during trading hours on Tuesday, reaching $122.44. The company’s stock had a trading volume of 416,664 shares, compared to its average volume of 1,815,485. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a 1-year low of $109.67 and a 1-year high of $136.21. The company has a market cap of $43,300.00, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76.
Kimberly-Clark (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. equities research analysts expect that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio is 64.03%.
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.
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