Tocqueville Asset Management L.P. decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 63,022 shares of the company’s stock after selling 8,215 shares during the period. Tocqueville Asset Management L.P.’s holdings in Kimberly Clark were worth $8,669,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Sabal Trust CO raised its stake in Kimberly Clark by 2.2% during the fourth quarter. Sabal Trust CO now owns 236,969 shares of the company’s stock worth $32,595,000 after acquiring an additional 5,105 shares in the last quarter. Patten Group Inc. lifted its holdings in shares of Kimberly Clark by 0.3% in the fourth quarter. Patten Group Inc. now owns 64,599 shares of the company’s stock worth $8,886,000 after acquiring an additional 173 shares during the last quarter. Windward Capital Management Co. CA lifted its holdings in shares of Kimberly Clark by 22.9% in the fourth quarter. Windward Capital Management Co. CA now owns 27,391 shares of the company’s stock worth $3,768,000 after acquiring an additional 5,105 shares during the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Kimberly Clark by 0.7% in the 4th quarter. Atlantic Union Bankshares Corp now owns 11,983 shares of the company’s stock valued at $1,648,000 after purchasing an additional 79 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its stake in shares of Kimberly Clark by 3.0% in the 4th quarter. Donaldson Capital Management LLC now owns 3,481 shares of the company’s stock valued at $479,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 71.77% of the company’s stock.
KMB has been the subject of a number of research analyst reports. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, September 27th. Morgan Stanley dropped their price objective on shares of Kimberly Clark from $149.00 to $139.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Deutsche Bank raised their target price on shares of Kimberly Clark from $124.00 to $126.00 and gave the company a “hold” rating in a research report on Thursday, December 12th. Barclays raised shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $144.00 to $152.00 in a research note on Monday, September 23rd. Finally, Wells Fargo & Co upped their price target on shares of Kimberly Clark from $130.00 to $132.00 and gave the stock a “market perform” rating in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $139.50.
NYSE:KMB opened at $140.99 on Wednesday. The stock’s 50-day moving average is $137.07 and its 200-day moving average is $136.61. Kimberly Clark Corp has a 1-year low of $107.44 and a 1-year high of $143.50. The company has a current ratio of 0.75, a quick ratio of 0.48 and a debt-to-equity ratio of 70.43. The stock has a market cap of $48.07 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.04. Kimberly Clark had a net margin of 10.96% and a return on equity of 93,800.00%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same quarter last year, the business earned $1.71 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities analysts forecast that Kimberly Clark Corp will post 6.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Thursday, December 5th. Kimberly Clark’s dividend payout ratio (DPR) is currently 62.33%.
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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