Northeast Investment Management reduced its position in shares of Kimberly Clark Corp (NYSE:KMB) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,713 shares of the company’s stock after selling 698 shares during the quarter. Northeast Investment Management’s holdings in Kimberly Clark were worth $555,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Martin Investment Management LLC bought a new stake in shares of Kimberly Clark during the 2nd quarter valued at about $443,000. Capital Research Global Investors grew its stake in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock valued at $1,295,993,000 after purchasing an additional 3,191,549 shares during the period. Pax World Management LLC grew its stake in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock valued at $359,000 after purchasing an additional 200 shares during the period. Boston Family Office LLC grew its stake in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock valued at $1,496,000 after acquiring an additional 90 shares during the period. Finally, Strategy Asset Managers LLC grew its stake in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock valued at $404,000 after acquiring an additional 1,390 shares during the period. Institutional investors and hedge funds own 71.47% of the company’s stock.

Kimberly Clark Corp (NYSE:KMB) opened at $112.98 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a twelve month low of $109.67 and a twelve month high of $136.21. The company has a market capitalization of $39,740.00, a P/E ratio of 18.64, a P/E/G ratio of 2.93 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the firm earned $1.52 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. analysts anticipate that Kimberly Clark Corp will post 6.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were issued a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.43%. Kimberly Clark’s dividend payout ratio is presently 64.03%.

A number of brokerages recently issued reports on KMB. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday. Bank of America cut their price objective on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Citigroup reiterated a “hold” rating and set a $125.00 price objective (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co cut their price objective on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $126.50.

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About Kimberly Clark

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 (NYSE:KMB)

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