Today, Boyar Asset Management Inc. Maintains Stake in Kimberly-Clark Corp. (KMB)

Today, Boyar Asset Management Inc. Maintains Stake in Kimberly-Clark Corp. (KMB)

Boyar Asset Management Inc. maintained its position in Kimberly-Clark Corp. (NYSE:KMB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,750 shares of the company’s stock at the end of the third quarter. Boyar Asset Management Inc.’s holdings in Kimberly-Clark Corp. were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. James Investment Research Inc. raised its position in shares of Kimberly-Clark Corp. by 3.6% in the second quarter. James Investment Research Inc. now owns 829 shares of the company’s stock worth $114,000 after buying an additional 29 shares during the last quarter. Tortoise Investment Management LLC raised its position in shares of Kimberly-Clark Corp. by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 842 shares of the company’s stock worth $116,000 after buying an additional 42 shares during the last quarter. Jackson Grant Investment Advisers Inc. raised its position in shares of Kimberly-Clark Corp. by 50.7% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 4,496 shares of the company’s stock worth $147,000 after buying an additional 1,513 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock worth $157,000 after buying an additional 10 shares during the last quarter. Finally, Cribstone Capital Management LLC bought a new position in shares of Kimberly-Clark Corp. during the second quarter worth about $169,000. Hedge funds and other institutional investors own 67.57% of the company’s stock.

Kimberly-Clark Corp. (NYSE:KMB) traded up 1.12% during trading on Friday, reaching $115.84. 996,853 shares of the company’s stock traded hands. Kimberly-Clark Corp. has a one year low of $111.30 and a one year high of $138.87. The firm’s 50 day moving average price is $116.08 and its 200-day moving average price is $126.06. The stock has a market cap of $41.49 billion, a P/E ratio of 21.07 and a beta of 0.61.

Kimberly-Clark Corp. (NYSE:KMB) last announced its earnings results on Monday, October 24th. The company reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by $0.02. The business earned $4.60 billion during the quarter, compared to analyst estimates of $4.73 billion. Kimberly-Clark Corp. had a net margin of 10.96% and a return on equity of 648.51%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.51 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Corp. will post $6.00 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Friday, December 9th will be issued a $0.92 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.18%. Kimberly-Clark Corp.’s payout ratio is 67.03%.

A number of research analysts have issued reports on the stock. B. Riley restated a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research note on Sunday, July 31st. Royal Bank Of Canada cut their price objective on shares of Kimberly-Clark Corp. from $125.00 to $118.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 25th. RBC Capital Markets set a $118.00 price objective on shares of Kimberly-Clark Corp. and gave the stock a “hold” rating in a research note on Tuesday, October 25th. lowered shares of Kimberly-Clark Corp. from an “outperform” rating to an “underperform” rating in a research note on Wednesday, October 26th. Finally, Deutsche Bank AG cut their price objective on shares of Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating on the stock in a research note on Tuesday, October 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $132.60.

In other news, Director Robert W. Decherd acquired 2,000 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were bought at an average cost of $113.59 per share, with a total value of $227,180.00. Following the purchase, the director now owns 41,944 shares of the company’s stock, valued at approximately $4,764,418.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the transaction, the senior vice president now directly owns 30,091 shares in the company, valued at $3,410,513.94. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

Kimberly-Clark Corp. 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 operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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