Fairfield Bush & CO. held its stake in Kimberly-Clark Corporation (NYSE:KMB) during the third quarter, Holdings Channel reports. The firm owned 3,823 shares of the company’s stock at the end of the third quarter. Fairfield Bush & CO.’s holdings in Kimberly-Clark Corporation were worth $482,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. BKS Advisors LLC raised its stake in Kimberly-Clark Corporation by 0.3% in the third quarter. BKS Advisors LLC now owns 1,898 shares of the company’s stock worth $239,000 after buying an additional 5 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Kimberly-Clark Corporation by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Kimberly-Clark Corporation by 0.4% in the third quarter. Delta Asset Management LLC TN now owns 2,740 shares of the company’s stock valued at $346,000 after buying an additional 10 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Kimberly-Clark Corporation by 0.7% in the third quarter. Ausdal Financial Partners Inc. now owns 2,040 shares of the company’s stock valued at $257,000 after buying an additional 15 shares in the last quarter. Finally, Nwam LLC raised its position in shares of Kimberly-Clark Corporation by 1.1% in the third quarter. Nwam LLC now owns 1,649 shares of the company’s stock valued at $208,000 after buying an additional 18 shares in the last quarter. 69.16% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Corporation (NYSE:KMB) traded down 0.02% during trading on Friday, reaching $123.55. 1,035,986 shares of the company’s stock traded hands. The firm’s 50 day moving average is $118.06 and its 200-day moving average is $120.49. The company has a market capitalization of $44.06 billion, a price-to-earnings ratio of 20.63 and a beta of 0.65. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $138.87.
Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Tuesday, January 24th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.03. Kimberly-Clark Corporation had a return on equity of 614.22% and a net margin of 11.90%. The firm had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Analysts expect that Kimberly-Clark Corporation will post $6.30 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, March 8th. This is a boost from Kimberly-Clark Corporation’s previous quarterly dividend of $0.92. Kimberly-Clark Corporation’s payout ratio is currently 61.54%.
KMB has been the subject of several recent analyst reports. Citigroup Inc. reissued a “neutral” rating on shares of Kimberly-Clark Corporation in a report on Monday, October 24th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $145.00 price objective on shares of Kimberly-Clark Corporation in a report on Tuesday, October 25th. Royal Bank Of Canada decreased their price objective on shares of Kimberly-Clark Corporation from $125.00 to $118.00 and set a “sector perform” rating for the company in a report on Tuesday, October 25th. B. Riley raised their price objective on shares of Kimberly-Clark Corporation from $124.00 to $128.00 and gave the stock a “neutral” rating in a report on Tuesday, October 25th. Finally, RBC Capital Markets set a $118.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “hold” rating in a report on Tuesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $127.50.
In other news, insider Kimberly K. Underhill sold 4,000 shares of Kimberly-Clark Corporation stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $120.95, for a total transaction of $483,800.00. Following the sale, the insider now directly owns 17,912 shares of the company’s stock, valued at $2,166,456.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corporation stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $113.34, for a total value of $1,353,959.64. Following the sale, the senior vice president now directly owns 30,091 shares in the company, valued at $3,410,513.94. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
About Kimberly-Clark Corporation
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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