Piedmont Investment Advisors LLC Purchases 700 Shares of Kimberly Clark Corp (KMB)
Piedmont Investment Advisors LLC raised its position in Kimberly Clark Corp (NYSE:KMB) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,409 shares of the company’s stock after acquiring an additional 700 shares during the period. Piedmont Investment Advisors LLC’s holdings in Kimberly Clark were worth $8,992,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. California Public Employees Retirement System raised its holdings in shares of Kimberly Clark by 8.6% in the 3rd quarter. California Public Employees Retirement System now owns 853,269 shares of the company’s stock worth $100,413,000 after buying an additional 67,469 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Kimberly Clark by 110.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 1,524 shares of the company’s stock worth $179,000 after buying an additional 800 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Kimberly Clark by 2.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 230,894 shares of the company’s stock worth $27,172,000 after buying an additional 5,080 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Kimberly Clark in the 3rd quarter worth approximately $309,000. Finally, Cambria Investment Management L.P. raised its holdings in shares of Kimberly Clark by 199.2% in the 3rd quarter. Cambria Investment Management L.P. now owns 45,150 shares of the company’s stock worth $5,313,000 after buying an additional 30,062 shares in the last quarter. 71.46% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on KMB. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price for the company in a report on Wednesday, January 10th. Bank of America dropped their target price on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th. Citigroup reissued a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a report on Tuesday, October 24th. Barclays restated a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Finally, Wells Fargo & Co decreased their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $126.50.
Kimberly Clark (NYSE:KMB) last announced 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 analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. analysts anticipate that Kimberly Clark Corp will post 6.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.40%. Kimberly Clark’s payout ratio is 64.03%.
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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