Cornerstone Advisory LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Cornerstone Advisory LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 36.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,737 shares of the company’s stock after selling 990 shares during the quarter. Cornerstone Advisory LLC’s holdings in Kimberly-Clark were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KMB. Csenge Advisory Group increased its holdings in shares of Kimberly-Clark by 26.7% during the 4th quarter. Csenge Advisory Group now owns 2,858 shares of the company’s stock valued at $382,000 after purchasing an additional 603 shares in the last quarter. Prudential PLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $1,206,000. MAI Capital Management grew its stake in Kimberly-Clark by 11.5% in the 4th quarter. MAI Capital Management now owns 27,433 shares of the company’s stock valued at $3,921,000 after acquiring an additional 2,838 shares during the period. Ensign Peak Advisors Inc grew its stake in Kimberly-Clark by 69.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 197,306 shares of the company’s stock valued at $28,199,000 after acquiring an additional 80,754 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Kimberly-Clark by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,048,251 shares of the company’s stock valued at $721,498,000 after acquiring an additional 189,877 shares during the period. 74.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Barclays dropped their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. UBS Group lifted their price target on shares of Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, Bank of America started coverage on shares of Kimberly-Clark in a research note on Wednesday. They issued a “neutral” rating on the stock. Two 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $131.15.

Kimberly-Clark Stock Down 0.3 %

NYSE KMB opened at $121.42 on Friday. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. The business’s fifty day simple moving average is $132.18 and its 200-day simple moving average is $130.46. The firm has a market cap of $40.99 billion, a PE ratio of 22.95, a P/E/G ratio of 4.39 and a beta of 0.31.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Friday, September 9th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.82%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 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.

Further Reading

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

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