Formidable Asset Management LLC cut its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 22.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,938 shares of the company’s stock after selling 575 shares during the quarter. Formidable Asset Management LLC’s holdings in Kimberly-Clark Corporation were worth $250,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KMB. APG Asset Management N.V. raised its holdings in shares of Kimberly-Clark Corporation by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after purchasing an additional 929,300 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Kimberly-Clark Corporation in the 1st quarter valued at $93,657,000. Alliancebernstein L.P. raised its holdings in shares of Kimberly-Clark Corporation by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock valued at $183,043,000 after purchasing an additional 645,881 shares in the last quarter. FMR LLC raised its holdings in shares of Kimberly-Clark Corporation by 23.4% in the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after purchasing an additional 491,121 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Kimberly-Clark Corporation by 89.9% in the 2nd quarter. Principal Financial Group Inc. now owns 987,533 shares of the company’s stock valued at $127,500,000 after purchasing an additional 467,559 shares in the last quarter. Institutional investors own 70.40% of the company’s stock.

A number of brokerages have recently weighed in on KMB. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Bank of America Corporation reduced their price objective on shares of Kimberly-Clark Corporation from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, October 24th. Citigroup Inc. set a $132.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG restated a “neutral” rating and issued a $119.00 price objective (down from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $127.14.

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Shares of Kimberly-Clark Corporation (KMB) opened at $114.32 on Friday. Kimberly-Clark Corporation has a one year low of $109.67 and a one year high of $136.21. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. The company has a market cap of $40,420.00, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.98 and a beta of 0.74.

Kimberly-Clark Corporation (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark Corporation had a net margin of 11.89% and a return on equity of 666.97%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the firm posted $1.52 EPS. Kimberly-Clark Corporation’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts predict that Kimberly-Clark Corporation will post 6.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.03%.

Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

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