Mitchell Sinkler & Starr PA held its position in Kimberly-Clark Corp. (NYSE:KMB) during the third quarter, Holdings Channel reports. The institutional investor owned 12,775 shares of the company’s stock at the end of the third quarter. Kimberly-Clark Corp. accounts for 2.5% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 11th largest position. Mitchell Sinkler & Starr PA’s holdings in Kimberly-Clark Corp. were worth $1,611,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. First Republic Investment Management Inc. raised its position in Kimberly-Clark Corp. by 28.9% in the first quarter. First Republic Investment Management Inc. now owns 60,153 shares of the company’s stock valued at $8,090,000 after buying an additional 13,481 shares during the last quarter. Cullinan Associates Inc. raised its position in shares of Kimberly-Clark Corp. by 2.9% in the first quarter. Cullinan Associates Inc. now owns 3,536 shares of the company’s stock valued at $476,000 after buying an additional 100 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Kimberly-Clark Corp. during the first quarter valued at approximately $491,000. Iowa State Bank raised its position in shares of Kimberly-Clark Corp. by 3.8% in the second quarter. Iowa State Bank now owns 21,785 shares of the company’s stock valued at $2,995,000 after buying an additional 790 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Kimberly-Clark Corp. by 4.1% in the second quarter. Fulton Bank N.A. now owns 19,229 shares of the company’s stock valued at $2,644,000 after buying an additional 763 shares in the last quarter. Institutional investors own 67.57% of the company’s stock.
Kimberly-Clark Corp. (NYSE:KMB) traded up 1.12% on Friday, hitting $115.84. 996,853 shares of the company were exchanged. Kimberly-Clark Corp. has a 52-week low of $111.30 and a 52-week high of $138.87. The stock has a market cap of $41.49 billion, a PE ratio of 21.07 and a beta of 0.61. The firm has a 50 day moving average of $116.08 and a 200-day moving average of $126.06.
Kimberly-Clark Corp. (NYSE:KMB) last released its earnings results on Monday, October 24th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by $0.02. Kimberly-Clark Corp. had a net margin of 10.96% and a return on equity of 648.51%. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Kimberly-Clark Corp.’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Kimberly-Clark Corp. will post $6.00 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 9th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.68 dividend on an annualized basis and a yield of 3.18%. Kimberly-Clark Corp.’s payout ratio is 67.03%.
Several equities analysts have recently commented on the stock. B. Riley restated a “neutral” rating and issued a $124.00 price objective on shares of Kimberly-Clark Corp. in a report on Sunday, July 31st. Deutsche Bank AG decreased 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 report on Tuesday, October 25th. Wells Fargo & Co. restated a “market perform” rating on shares of Kimberly-Clark Corp. in a report on Tuesday, November 15th. Goldman Sachs Group Inc. restated a “buy” rating and issued a $145.00 price objective on shares of Kimberly-Clark Corp. in a report on Tuesday, October 25th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of Kimberly-Clark Corp. in a research note on Monday, October 24th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Kimberly-Clark Corp. presently has an average rating of “Hold” and a consensus price target of $132.60.
In other Kimberly-Clark Corp. news, Director Robert W. Decherd purchased 2,000 shares of Kimberly-Clark Corp. stock in a transaction on Thursday, October 27th. The shares were purchased at an average cost of $113.59 per share, with a total value of $227,180.00. Following the completion of the transaction, the director now directly owns 41,944 shares in the company, valued at approximately $4,764,418.96. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of Kimberly-Clark Corp. stock in a transaction that occurred 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 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 corporate 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.