Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Newfound Research LLC

Newfound Research LLC lowered its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 31.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 803 shares of the company’s stock after selling 361 shares during the quarter. Kimberly-Clark accounts for about 0.2% of Newfound Research LLC’s holdings, making the stock its 25th biggest position. Newfound Research LLC’s holdings in Kimberly-Clark were worth $109,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Bivin & Associates Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at about $26,000. HWG Holdings LP bought a new position in Kimberly-Clark during the 4th quarter worth $29,000. Roble Belko & Company Inc grew its stake in Kimberly-Clark by 69.5% during the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after buying an additional 105 shares during the last quarter. West Oak Capital LLC grew its stake in Kimberly-Clark by 50.0% during the 2nd quarter. West Oak Capital LLC now owns 240 shares of the company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Finally, DeDora Capital Inc. bought a new position in shares of Kimberly-Clark in the first quarter worth $33,000. Institutional investors and hedge funds own 74.36% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of several research analyst reports. UBS Group upped their price objective on Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Bank of America started coverage on Kimberly-Clark in a research report on Wednesday, September 14th. They set a “neutral” rating on the stock. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $131.15.

Kimberly-Clark Trading Down 1.0 %

Shares of KMB stock traded down $1.18 during mid-day trading on Friday, hitting $119.53. The company’s stock had a trading volume of 45,397 shares, compared to its average volume of 1,361,551. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a market cap of $40.36 billion, a PE ratio of 22.74, a P/E/G ratio of 4.17 and a beta of 0.31. The company’s fifty day simple moving average is $130.55 and its 200-day simple moving average is $130.14. The company has a debt-to-equity ratio of 10.37, a quick ratio of 0.47 and a current ratio of 0.79.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. Kimberly-Clark’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.88%. Kimberly-Clark’s payout ratio is 87.71%.

About Kimberly-Clark

(Get Rating)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

See Also

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

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.