Longfellow Investment Management Co. LLC Takes $1.71 Million Position in Kimberly-Clark Corporation $KMB

Longfellow Investment Management Co. LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent filing with the SEC. The firm bought 15,538 shares of the company’s stock, valued at approximately $1,706,000.

Other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP increased its stake in Kimberly-Clark by 26,997.7% during the 4th quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after purchasing an additional 7,341,215 shares in the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $521,184,000. Bank of New York Mellon Corp bought a new stake in shares of Kimberly-Clark during the second quarter worth about $239,612,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Kimberly-Clark during the second quarter worth about $188,902,000. Finally, Bank of America Corp DE raised its holdings in shares of Kimberly-Clark by 29.1% in the 1st quarter. Bank of America Corp DE now owns 6,661,899 shares of the company’s stock worth $642,673,000 after acquiring an additional 1,503,018 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $110.39 on Monday. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $136.17. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. The firm’s 50-day simple moving average is $108.10 and its 200 day simple moving average is $103.14. The stock has a market cap of $36.71 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the business posted $1.92 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts predict that Kimberly-Clark Corporation will post 7.43 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Cowen lifted their price target on Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Barclays upped their price target on Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.