Isthmus Partners LLC Has $6.43 Million Stake in Kimberly-Clark Corporation (KMB)
Isthmus Partners LLC cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,794 shares of the company’s stock after selling 1,315 shares during the quarter. Kimberly-Clark Corporation comprises about 1.9% of Isthmus Partners LLC’s portfolio, making the stock its 22nd biggest position. Isthmus Partners LLC’s holdings in Kimberly-Clark Corporation were worth $6,429,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its stake in Kimberly-Clark Corporation by 0.4% during the 1st quarter. GHP Investment Advisors Inc. now owns 26,705 shares of the company’s stock worth $3,515,000 after buying an additional 110 shares during the last quarter. Airain ltd grew its stake in Kimberly-Clark Corporation by 99.4% during the 1st quarter. Airain ltd now owns 76,877 shares of the company’s stock worth $10,119,000 after buying an additional 38,323 shares during the last quarter. Sequent Asset Management LLC purchased a new position in Kimberly-Clark Corporation during the 1st quarter worth $237,000. Northwestern Mutual Investment Management Company LLC grew its stake in Kimberly-Clark Corporation by 74.9% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 71,913 shares of the company’s stock worth $9,466,000 after buying an additional 30,787 shares during the last quarter. Finally, Tiedemann Wealth Management LLC grew its stake in Kimberly-Clark Corporation by 164.5% during the 1st quarter. Tiedemann Wealth Management LLC now owns 5,399 shares of the company’s stock worth $711,000 after buying an additional 3,358 shares during the last quarter. Institutional investors and hedge funds own 70.60% of the company’s stock.
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Kimberly-Clark Corporation (NYSE KMB) opened at $114.32 on Monday. The stock has a market capitalization of $40,212.90, a PE ratio of 18.71, a PEG ratio of 2.97 and a beta of 0.74. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly-Clark Corporation has a fifty-two week low of $109.67 and a fifty-two week high of $136.21.
Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 EPS. sell-side analysts expect that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be issued a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.39%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.03%.
Several research analysts recently weighed in on KMB shares. Bank of America Corporation dropped their target price on Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, October 13th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co downgraded Kimberly-Clark Corporation from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $115.55 to $100.00 in a research note on Friday, October 20th. Finally, Citigroup Inc. dropped their target price on Kimberly-Clark Corporation from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $127.14.
Kimberly-Clark Corporation 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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