Fulton Bank N.A. Boosts Stake in Kimberly Clark Corp (KMB)
Fulton Bank N.A. raised its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 33.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 23,770 shares of the company’s stock after purchasing an additional 5,985 shares during the quarter. Fulton Bank N.A.’s holdings in Kimberly Clark were worth $2,797,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of KMB. Martin Investment Management LLC acquired a new position in Kimberly Clark in the second quarter valued at about $443,000. Pax World Management LLC raised its stake in shares of Kimberly Clark by 7.7% during the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after buying an additional 200 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Kimberly Clark by 46.6% during the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after buying an additional 3,191,549 shares during the last quarter. Boston Family Office LLC raised its stake in shares of Kimberly Clark by 0.8% during the second quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after buying an additional 90 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Kimberly Clark by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.
A number of equities research analysts recently weighed in on KMB shares. J P Morgan Chase & Co downgraded shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Macquarie started coverage on shares of Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 price target for the company. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $121.00 price target on shares of Kimberly Clark in a research note on Friday, September 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $126.36.
Shares of Kimberly Clark Corp (NYSE KMB) traded up $0.35 during trading hours on Monday, reaching $120.11. 1,520,500 shares of the company’s stock traded hands, compared to its average volume of 1,816,330. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The company has a market capitalization of $42,250.00, a P/E ratio of 19.66, a PEG ratio of 3.12 and a beta of 0.76.
Kimberly Clark (NYSE:KMB) last issued its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. equities analysts forecast that Kimberly Clark Corp will post 6.2 earnings per share for the current 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 paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.23%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is presently 64.03%.
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About Kimberly Clark
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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