Lowe Brockenbrough & Co. Inc. cut its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 41,585 shares of the company’s stock after selling 24 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $5,474,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after buying an additional 34 shares during the period. Acrospire Investment Management LLC increased its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. increased its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after buying an additional 250 shares during the period. Heritage Trust Co acquired a new position in shares of Kimberly-Clark Corporation during the first quarter valued at $118,000. Finally, Sterling Investment Advisors Ltd. increased its position in shares of Kimberly-Clark Corporation by 63.8% in the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after buying an additional 400 shares during the period. Institutional investors own 70.15% of the company’s stock.

Shares of Kimberly-Clark Corporation (NYSE KMB) traded up 0.66% during mid-day trading on Monday, reaching $121.44. 164,975 shares of the company were exchanged. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 20.28 and a beta of 0.76. Kimberly-Clark Corporation has a 12 month low of $111.30 and a 12 month high of $136.21. The firm’s 50-day moving average is $125.09 and its 200-day moving average is $128.50.

Kimberly-Clark Corporation (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. On average, equities analysts forecast that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.22%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.

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Several research analysts have weighed in on KMB shares. TheStreet upgraded Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a report on Wednesday, April 26th. BidaskClub upgraded Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on Kimberly-Clark Corporation and gave the stock a “buy” rating in a report on Monday, June 19th. Berenberg Bank started coverage on Kimberly-Clark Corporation in a report on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. Kimberly-Clark Corporation currently has an average rating of “Hold” and a consensus price target of $133.07.

In other Kimberly-Clark Corporation news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at $5,309,291.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the transaction, the senior vice president now owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

About Kimberly-Clark Corporation

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.

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

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