Stearns Financial Services Group Sells 634 Shares of Kimberly Clark Corp (KMB)
Stearns Financial Services Group reduced its position in Kimberly Clark Corp (NYSE:KMB) by 11.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,083 shares of the company’s stock after selling 634 shares during the quarter. Stearns Financial Services Group’s holdings in Kimberly Clark were worth $598,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Martin Investment Management LLC acquired a new position in shares of Kimberly Clark during the 2nd quarter worth $443,000. Pax World Management LLC grew its stake in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after purchasing an additional 200 shares during the period. Capital Research Global Investors grew its stake in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Boston Family Office LLC grew its stake in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after purchasing an additional 90 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Kimberly Clark by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the period. 71.61% of the stock is currently owned by institutional investors.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America lowered their price target on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 24th. Citigroup cut shares of Kimberly Clark from a “neutral” rating to a “sell” rating and set a $113.00 price target on the stock. in a research note on Monday. Wells Fargo & Company lowered their price target on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 24th. Finally, Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their price target for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $126.36.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS. analysts predict that Kimberly Clark Corp will post 6.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a $0.97 dividend. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.33%. Kimberly Clark’s payout ratio is 64.03%.
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Kimberly Clark 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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