Aperio Group LLC Decreases Position in Kimberly Clark Corp (KMB)
Aperio Group LLC trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 0.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,594 shares of the company’s stock after selling 532 shares during the period. Aperio Group LLC owned 0.07% of Kimberly Clark worth $29,843,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Martin Investment Management LLC bought a new stake in shares of Kimberly Clark during the second quarter valued at approximately $443,000. Capital Research Global Investors raised its holdings 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 valued at $1,295,993,000 after buying an additional 3,191,549 shares during the last quarter. Pax World Management LLC raised its holdings 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 valued at $359,000 after buying an additional 200 shares during the last quarter. Boston Family Office LLC raised its holdings 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 valued at $1,496,000 after buying an additional 90 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings 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 valued at $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.
Kimberly Clark Corp (NYSE:KMB) opened at $118.51 on Friday. The stock has a market capitalization of $41,686.72, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 3.08 and a beta of 0.76. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month 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.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. equities research analysts forecast that Kimberly Clark Corp will post 6.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, December 7th. Kimberly Clark’s payout ratio is 64.03%.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a $119.00 price target on shares of Kimberly Clark in a report on Thursday, September 7th. Societe Generale raised Kimberly Clark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.05 to $144.00 in a report on Thursday, November 2nd. Finally, Deutsche Bank initiated coverage on Kimberly Clark in a report on Wednesday. They set a “hold” rating and a $121.00 target price on the stock. Three investment 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’s stock. Kimberly Clark presently has a consensus rating of “Hold” and a consensus target price of $126.00.
Kimberly Clark 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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