Beutel Goodman & Co Ltd. Has $378.79 Million Stock Position in Kimberly-Clark Corporation $KMB

Beutel Goodman & Co Ltd. reduced its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,938,215 shares of the company’s stock after selling 49,974 shares during the period. Kimberly-Clark makes up about 2.2% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 16th biggest position. Beutel Goodman & Co Ltd. owned approximately 0.89% of Kimberly-Clark worth $378,794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Strs Ohio acquired a new stake in Kimberly-Clark in the 1st quarter valued at approximately $12,854,000. Franklin Resources Inc. boosted its stake in shares of Kimberly-Clark by 3.4% during the 2nd quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock worth $76,234,000 after buying an additional 19,298 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Kimberly-Clark by 86.8% in the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock valued at $72,473,000 after acquiring an additional 236,733 shares in the last quarter. Zions Bancorporation National Association UT increased its position in shares of Kimberly-Clark by 5,204.3% in the second quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after acquiring an additional 31,486 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Kimberly-Clark by 22.4% during the second quarter. Prudential Financial Inc. now owns 444,426 shares of the company’s stock worth $57,295,000 after acquiring an additional 81,339 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company decreased their price target on Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. Evercore ISI reiterated an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. BNP Paribas Exane decreased their price objective on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley reduced their price objective on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a report on Tuesday, November 4th. Finally, Barclays set a $132.00 price objective on Kimberly-Clark in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $126.00.

Kimberly-Clark Stock Down 1.1%

Shares of KMB opened at $104.94 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a one year low of $99.22 and a one year high of $150.45. The company has a market cap of $34.83 billion, a P/E ratio of 17.76, a P/E/G ratio of 3.92 and a beta of 0.25. The firm has a 50 day simple moving average of $112.88 and a two-hundred day simple moving average of $124.98.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.37. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.14 billion. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.Kimberly-Clark’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.83 earnings per share. Research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 5th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.8%. Kimberly-Clark’s dividend payout ratio is currently 85.28%.

Kimberly-Clark Profile

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