Hyman Charles D grew its position in Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the first quarter, HoldingsChannel.com reports. The fund owned 33,387 shares of the company’s stock after buying an additional 750 shares during the period. Hyman Charles D’s holdings in Kimberly-Clark were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. New England Research & Management Inc. boosted its holdings in shares of Kimberly-Clark by 38.5% during the 1st quarter. New England Research & Management Inc. now owns 28,788 shares of the company’s stock worth $4,003,000 after buying an additional 8,000 shares during the period. Barry Investment Advisors LLC boosted its holdings in shares of Kimberly-Clark by 98.5% during the 1st quarter. Barry Investment Advisors LLC now owns 10,541 shares of the company’s stock worth $1,477,000 after buying an additional 5,232 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $15,045,000. Rockland Trust Co. boosted its holdings in shares of Kimberly-Clark by 7.8% during the 4th quarter. Rockland Trust Co. now owns 42,886 shares of the company’s stock worth $5,782,000 after buying an additional 3,108 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Kimberly-Clark by 11.0% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,068,457 shares of the company’s stock worth $278,890,000 after buying an additional 205,737 shares during the period. 71.89% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on KMB shares. Sanford C. Bernstein started coverage on shares of Kimberly-Clark in a research note on Tuesday, January 19th. They issued a “market perform” rating and a $142.00 price objective for the company. Bank of America dropped their price objective on shares of Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating for the company in a research note on Friday, January 22nd. Zacks Investment Research cut shares of Kimberly-Clark from a “hold” rating to a “strong sell” rating and set a $111.00 price objective for the company. in a research note on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kimberly-Clark from $145.00 to $137.00 and set a “hold” rating for the company in a research note on Monday. Finally, Jefferies Financial Group dropped their price objective on shares of Kimberly-Clark from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 26th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $140.31.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Thursday, April 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.14). The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.97 billion. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Friday, June 4th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, June 3rd. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.18%.
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
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