LifeSteps Financial Inc. boosted its holdings in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,685 shares of the company's stock after buying an additional 752 shares during the period. LifeSteps Financial Inc.'s holdings in Kimberly-Clark were worth $364,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its holdings in Kimberly-Clark by 97.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 3,707 shares of the company's stock valued at $417,000 after acquiring an additional 1,826 shares in the last quarter. LVM Capital Management Ltd. MI raised its stake in shares of Kimberly-Clark by 7.6% in the third quarter. LVM Capital Management Ltd. MI now owns 2,259 shares of the company's stock valued at $254,000 after purchasing an additional 160 shares in the last quarter. CBOE Vest Financial LLC lifted its position in Kimberly-Clark by 0.6% in the third quarter. CBOE Vest Financial LLC now owns 68,578 shares of the company's stock worth $7,718,000 after purchasing an additional 440 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in Kimberly-Clark by 94.8% during the second quarter. Stock Yards Bank & Trust Co. now owns 14,094 shares of the company's stock worth $1,905,000 after buying an additional 6,860 shares in the last quarter. Finally, Wealthspire Advisors LLC increased its holdings in Kimberly-Clark by 7.3% in the 3rd quarter. Wealthspire Advisors LLC now owns 10,019 shares of the company's stock valued at $1,128,000 after buying an additional 685 shares during the period. 74.16% of the stock is currently owned by institutional investors and hedge funds.
Get Kimberly-Clark alerts:Kimberly-Clark Stock Up 1.6 %
Shares of KMB traded up $2.09 on Friday, hitting $129.46. The company's stock had a trading volume of 395,978 shares, compared to its average volume of 1,728,761. The firm's fifty day moving average price is $128.63 and its 200-day moving average price is $127.57. Kimberly-Clark Co. has a fifty-two week low of $108.74 and a fifty-two week high of $144.53. The company has a quick ratio of 0.47, a current ratio of 0.78 and a debt-to-equity ratio of 10.83. The firm has a market capitalization of $43.69 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.19 and a beta of 0.39.
Kimberly-Clark (NYSE:KMB – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.03. Kimberly-Clark had a net margin of 9.59% and a return on equity of 264.67%. The company had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The business's quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts expect that Kimberly-Clark Co. will post 5.92 EPS for the current year.
Kimberly-Clark Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 10th will be given a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, March 9th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.16. Kimberly-Clark's dividend payout ratio (DPR) is currently 82.52%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on KMB shares. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $124.00 to $125.00 and gave the stock an "underweight" rating in a research report on Thursday, January 26th. Barclays lowered their target price on shares of Kimberly-Clark from $146.00 to $126.00 and set an "equal weight" rating on the stock in a report on Friday, January 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Kimberly-Clark from a "sell" rating to a "hold" rating and boosted their price target for the company from $122.00 to $123.00 in a research report on Monday. UBS Group lifted their target price on shares of Kimberly-Clark from $129.00 to $136.00 and gave the company a "neutral" rating in a research note on Monday, January 23rd. Finally, Wells Fargo & Company decreased their price target on Kimberly-Clark from $135.00 to $125.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $128.09.
About Kimberly-Clark
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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
Further Reading
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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