Empowered Funds LLC grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 40.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,019 shares of the company's stock after acquiring an additional 15,482 shares during the quarter. Empowered Funds LLC's holdings in Kimberly-Clark were worth $7,686,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. purchased a new stake in Kimberly-Clark during the second quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at about $27,000. New Millennium Group LLC bought a new stake in Kimberly-Clark in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the second quarter worth approximately $32,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company's stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on KMB. Argus raised shares of Kimberly-Clark to a "hold" rating in a research note on Friday, July 26th. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. UBS Group decreased their price objective on Kimberly-Clark from $153.00 to $151.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada restated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price target on Kimberly-Clark from $138.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $149.93.
View Our Latest Analysis on KMB
Kimberly-Clark Trading Up 1.8 %
Shares of KMB traded up $2.40 during trading hours on Friday, reaching $134.08. 3,199,116 shares of the company traded hands, compared to its average volume of 2,177,092. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company's fifty day moving average price is $139.49 and its two-hundred day moving average price is $139.15. The company has a market capitalization of $44.71 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 2.81 and a beta of 0.40.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analysts' expectations of $5.06 billion. During the same period in the previous year, the firm posted $1.74 EPS. The business's revenue was down 3.5% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.
Kimberly-Clark Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.64%. Kimberly-Clark's dividend payout ratio (DPR) is 63.29%.
Kimberly-Clark Profile
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Free Report)
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.
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