Balyasny Asset Management L.P. Purchases 975,424 Shares of Kimberly-Clark Corporation $KMB

Balyasny Asset Management L.P. grew its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 32,568.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 978,419 shares of the company’s stock after buying an additional 975,424 shares during the quarter. Balyasny Asset Management L.P. owned 0.29% of Kimberly-Clark worth $126,138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Strs Ohio bought a new position in Kimberly-Clark during the 1st quarter valued at about $12,854,000. Franklin Resources Inc. lifted its position in Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after purchasing an additional 19,298 shares during the period. Marshall Wace LLP boosted its holdings in Kimberly-Clark by 37.2% in the second quarter. Marshall Wace LLP now owns 256,616 shares of the company’s stock worth $33,083,000 after purchasing an additional 69,582 shares during the last quarter. Invesco Ltd. raised its stake in Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock valued at $786,128,000 after buying an additional 270,134 shares during the last quarter. Finally, Zions Bancorporation National Association UT lifted its holdings in shares of Kimberly-Clark by 5,204.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after buying an additional 31,486 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3%

Shares of KMB opened at $103.15 on Friday. The firm has a market cap of $34.23 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 3.82 and a beta of 0.25. 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 1 year low of $99.22 and a 1 year high of $150.45. The company has a 50 day simple moving average of $110.48 and a two-hundred day simple moving average of $123.39.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a net margin of 10.89% and a return on equity of 183.11%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 earnings per share. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share 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 given a dividend of $1.26 per share. The ex-dividend date is Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 85.28%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen cut their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating for the company in a report on Friday, October 31st. Barclays set a $132.00 target price on Kimberly-Clark in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimberly-Clark in a research report on Monday. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $129.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Finally, BNP Paribas Exane reduced their target price on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $126.00.

About Kimberly-Clark

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.