Clear Perspective Advisors LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,643 shares of the company’s stock after selling 105 shares during the period. Clear Perspective Advisors LLC’s holdings in Kimberly-Clark were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in Kimberly-Clark by 9.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,530,259 shares of the company’s stock valued at $1,141,177,000 after purchasing an additional 752,189 shares during the period. Geode Capital Management LLC boosted its holdings in Kimberly-Clark by 5.0% in the second quarter. Geode Capital Management LLC now owns 5,445,480 shares of the company’s stock valued at $726,948,000 after purchasing an additional 258,218 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Kimberly-Clark by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,674,541 shares of the company’s stock valued at $649,995,000 after purchasing an additional 283,040 shares during the period. Morgan Stanley boosted its holdings in Kimberly-Clark by 13.8% in the first quarter. Morgan Stanley now owns 3,092,712 shares of the company’s stock valued at $430,042,000 after purchasing an additional 374,462 shares during the period. Finally, FIL Ltd boosted its holdings in Kimberly-Clark by 1.7% in the first quarter. FIL Ltd now owns 2,740,039 shares of the company’s stock valued at $381,002,000 after purchasing an additional 45,378 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.
A number of analysts have weighed in on the company. Jefferies Financial Group raised their price target on Kimberly-Clark from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Royal Bank of Canada cut their target price on Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Monday, July 26th. UBS Group began coverage on Kimberly-Clark in a research report on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 target price on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $137.00 to $139.00 and gave the stock a “hold” rating in a research report on Friday, July 9th. Finally, Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 target price on the stock in a research report on Monday, September 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $141.67.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Thursday, July 22nd. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.24). The firm had revenue of $4.72 billion for the quarter, compared to analysts’ expectations 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 was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $2.20 EPS. Equities research analysts anticipate that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 4th. Investors of record on Friday, September 10th were given a dividend of $1.14 per share. The ex-dividend date was Thursday, September 9th. This represents a $4.56 annualized dividend and a dividend yield of 3.43%. Kimberly-Clark’s dividend payout ratio is currently 58.91%.
In other Kimberly-Clark news, insider Kimberly K. Underhill sold 19,018 shares of the business’s stock in a transaction on Monday, July 26th. The stock was sold at an average price of $135.84, for a total value of $2,583,405.12. Following the completion of the transaction, the insider now directly owns 62,042 shares in the company, valued at approximately $8,427,785.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Powell sold 29,534 shares of the business’s stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total value of $4,120,288.34. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.
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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