Kimberly Clark Corp (KMB) Shares Bought by Colorado Capital Management Inc.
Colorado Capital Management Inc. boosted its position in Kimberly Clark Corp (NYSE:KMB) by 13.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,506 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Kimberly Clark accounts for approximately 2.2% of Colorado Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Colorado Capital Management Inc.’s holdings in Kimberly Clark were worth $3,001,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Trust Co increased its stake in Kimberly Clark by 11.2% in the second 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. increased its stake in Kimberly Clark by 63.8% in the first 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. increased its stake in Kimberly Clark by 15.9% in the second 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. Mosaic Family Wealth LLC increased its stake in Kimberly Clark by 0.5% in the second 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. Finally, Acrospire Investment Management LLC increased its stake in Kimberly Clark by 33.3% in the second 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 during the last quarter. 71.61% of the stock is currently owned by institutional investors and hedge funds.
Kimberly Clark Corp (NYSE KMB) traded down $2.09 during trading on Wednesday, hitting $116.40. 2,040,400 shares of the stock were exchanged, compared to its average volume of 1,818,241. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17. The stock has a market capitalization of $41,679.72, a price-to-earnings ratio of 19.39, a P/E/G ratio of 3.08 and a beta of 0.76. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21.
Kimberly Clark (NYSE:KMB) last posted its 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. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. Kimberly Clark’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. sell-side analysts anticipate 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. Stockholders of record on Friday, December 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.33%. Kimberly Clark’s dividend payout ratio is currently 64.03%.
KMB has been the topic of a number of research analyst reports. Bank of America reduced their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Royal Bank of Canada reaffirmed a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a research note on Friday, October 13th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co cut Kimberly Clark from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup reduced their price objective on Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $126.36.
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Kimberly Clark 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’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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