Violich Capital Management Inc. increased its holdings in Kimberly Clark Corp (NYSE:KMB) by 33.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,834 shares of the company’s stock after purchasing an additional 5,920 shares during the quarter. Violich Capital Management Inc.’s holdings in Kimberly Clark were worth $2,805,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. lifted its holdings in Kimberly Clark by 11.7% in the 2nd quarter. Capstone Asset Management Co. now owns 41,808 shares of the company’s stock valued at $5,398,000 after purchasing an additional 4,375 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in Kimberly Clark by 13.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 4,430 shares of the company’s stock valued at $572,000 after purchasing an additional 522 shares in the last quarter. Alta Capital Management LLC lifted its holdings in Kimberly Clark by 1.9% in the 2nd quarter. Alta Capital Management LLC now owns 14,295 shares of the company’s stock valued at $1,845,000 after purchasing an additional 260 shares in the last quarter. Atria Investments LLC lifted its holdings in Kimberly Clark by 5.0% in the 2nd quarter. Atria Investments LLC now owns 38,193 shares of the company’s stock valued at $4,931,000 after purchasing an additional 1,828 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in Kimberly Clark by 4.4% in the 2nd quarter. Private Trust Co. NA now owns 8,117 shares of the company’s stock valued at $1,047,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds own 71.46% of the company’s stock.

Several research analysts have recently weighed in on KMB shares. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a report on Thursday, October 26th. Royal Bank of Canada reiterated a “hold” rating and set a $121.00 price objective on shares of Kimberly Clark in a report on Friday, October 13th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Citigroup reiterated a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Finally, Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Wednesday, January 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $126.50.

Shares of Kimberly Clark Corp (NYSE KMB) opened at $112.98 on Tuesday. The stock has a market cap of $39,741.54, a P/E ratio of 18.64, a P/E/G ratio of 2.77 and a beta of 0.75. Kimberly Clark Corp has a 1 year low of $109.67 and a 1 year high of $136.21. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 14.17.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Thursday, December 7th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.03%.

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Kimberly Clark 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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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