Mid Atlantic Financial Management Inc. ADV trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,925 shares of the company’s stock after selling 154 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Kimberly-Clark were worth $1,060,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC bought a new position in Kimberly-Clark during the second quarter worth about $27,000. Grandview Asset Management LLC acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $29,000. Certified Advisory Corp acquired a new stake in shares of Kimberly-Clark in the first quarter valued at approximately $29,000. SRS Capital Advisors Inc. acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $36,000. Finally, Meridian Wealth Partners LLC increased its holdings in shares of Kimberly-Clark by 67.9% in the first quarter. Meridian Wealth Partners LLC now owns 314 shares of the company’s stock valued at $43,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 71.37% of the company’s stock.
A number of equities analysts have issued reports on KMB shares. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price objective on the stock in a research note on Monday, June 28th. UBS Group assumed coverage on shares of Kimberly-Clark in a research report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price target on the stock. HSBC began coverage on shares of Kimberly-Clark in a research report on Thursday, September 9th. They set a “hold” rating and a $131.00 price target on the stock. Jefferies Financial Group boosted their price objective on shares of Kimberly-Clark from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, July 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $137.00 to $139.00 and gave the company a “hold” rating in a research report on Friday, July 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $141.67.
Shares of Kimberly-Clark stock opened at $138.12 on Wednesday. The company has a 50 day moving average of $136.63 and a 200-day moving average of $134.59. The company has a market cap of $46.51 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 4.07 and a beta of 0.54. Kimberly-Clark Co. has a 1-year low of $128.02 and a 1-year high of $155.45. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 10.01.
Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.24). The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.77 billion. Kimberly-Clark had a return on equity of 308.07% and a net margin of 10.53%. Kimberly-Clark’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 6.73 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Thursday, September 9th. Kimberly-Clark’s dividend payout ratio is 58.91%.
Kimberly-Clark Company Profile
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 (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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