Berkshire Asset Management LLC PA Purchases 5,328 Shares of Kimberly Clark Corp (KMB)

Berkshire Asset Management LLC PA grew its position in shares of Kimberly Clark Corp (NYSE:KMB) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,012 shares of the company’s stock after acquiring an additional 5,328 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Kimberly Clark were worth $11,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Kimberly Clark by 9.1% in the first quarter. The Manufacturers Life Insurance Company now owns 370,043 shares of the company’s stock valued at $40,753,000 after buying an additional 30,711 shares during the last quarter. Ostrum Asset Management purchased a new stake in shares of Kimberly Clark in the first quarter valued at about $274,000. Natixis raised its holdings in shares of Kimberly Clark by 78.6% in the first quarter. Natixis now owns 61,868 shares of the company’s stock valued at $6,814,000 after buying an additional 27,226 shares during the last quarter. Ancora Advisors LLC purchased a new stake in shares of Kimberly Clark in the first quarter valued at about $245,000. Finally, LPL Financial LLC raised its holdings in shares of Kimberly Clark by 29.8% in the first quarter. LPL Financial LLC now owns 331,133 shares of the company’s stock valued at $36,468,000 after buying an additional 76,095 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

Shares of Kimberly Clark stock opened at $109.14 on Friday. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. The stock has a market cap of $39.51 billion, a PE ratio of 17.52, a PEG ratio of 2.57 and a beta of 0.70.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 6th. This represents a $4.00 annualized dividend and a yield of 3.67%. Kimberly Clark’s payout ratio is currently 64.21%.

In other Kimberly Clark news, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the transaction, the insider now directly owns 1,117 shares in the company, valued at $118,357.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the transaction, the insider now owns 6,122 shares in the company, valued at $718,355.48. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

KMB has been the topic of a number of recent analyst reports. Deutsche Bank boosted their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. JPMorgan Chase & Co. upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $86.00 in a research note on Thursday, August 16th. Atlantic Securities initiated coverage on shares of Kimberly Clark in a research note on Thursday, September 20th. They set an “underweight” rating and a $114.00 price target on the stock. Finally, Bank of America boosted their price target on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 6th. Five analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $106.67.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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