Northern Oak Wealth Management Inc. Lowers Stake in Kimberly Clark Corp (KMB)
Northern Oak Wealth Management Inc. cut its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,171 shares of the company’s stock after selling 599 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in Kimberly Clark were worth $1,315,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KMB. Martin Investment Management LLC acquired a new stake in Kimberly Clark in the second quarter worth about $443,000. Capital Research Global Investors increased its position in Kimberly Clark by 46.6% in the second quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Pax World Management LLC increased its position in Kimberly Clark by 7.7% in the second quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after purchasing an additional 200 shares during the period. Boston Family Office LLC grew its position in shares of Kimberly Clark by 0.8% during the 2nd 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 period. Finally, Strategy Asset Managers LLC grew its position in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after buying an additional 1,390 shares during the period. Institutional investors own 71.46% of the company’s stock.
Kimberly Clark Corp (NYSE KMB) opened at $114.26 on Wednesday. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21. 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 firm has a market capitalization of $39,741.54, a PE ratio of 18.85, a PEG ratio of 2.77 and a beta of 0.75.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share 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 business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the business posted $1.52 EPS. Kimberly Clark’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly Clark Corp will post 6.2 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.
Several equities analysts have recently issued reports on KMB shares. Barclays restated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Royal Bank of Canada restated a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research report on Friday, October 13th. JPMorgan Chase & Co. lowered Kimberly Clark from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $115.55 to $100.00 in a research report on Friday, October 20th. Citigroup restated a “hold” rating and set a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a research report on Wednesday, January 10th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.50.
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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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