Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Covington Capital Management

Covington Capital Management cut its position in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,288 shares of the company’s stock after selling 117 shares during the quarter. Covington Capital Management’s holdings in Kimberly-Clark were worth $174,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bivin & Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at about $26,000. HWG Holdings LP bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $29,000. Roble Belko & Company Inc raised its position in shares of 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 in the last quarter. DeDora Capital Inc. bought a new stake in shares of Kimberly-Clark during the 1st quarter worth about $33,000. Finally, Selective Wealth Management Inc. raised its position in shares of Kimberly-Clark by 60.5% during the 1st quarter. Selective Wealth Management Inc. now owns 268 shares of the company’s stock worth $33,000 after buying an additional 101 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KMB. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Barclays lowered their price objective 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 target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Bank of America started coverage on shares of Kimberly-Clark in a research report on Wednesday, September 14th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $131.15.

Kimberly-Clark Price Performance

NYSE KMB opened at $122.02 on Monday. The company has a 50 day moving average price of $131.66 and a two-hundred day moving average price of $130.36. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79. The stock has a market capitalization of $41.20 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 4.22 and a beta of 0.31.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly earnings data 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 firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Kimberly-Clark’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts predict 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 issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.71%.

About Kimberly-Clark

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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.

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

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