Covestor Ltd Boosts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Covestor Ltd lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 73.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,589 shares of the company’s stock after acquiring an additional 674 shares during the quarter. Covestor Ltd’s holdings in Kimberly-Clark were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KMB. Capital Research Global Investors increased its holdings in Kimberly-Clark by 56.7% in the fourth quarter. Capital Research Global Investors now owns 11,172,139 shares of the company’s stock valued at $1,596,722,000 after buying an additional 4,043,708 shares during the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $473,552,000. BlackRock Inc. grew its holdings in shares of Kimberly-Clark by 5.7% during the first quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock worth $3,372,921,000 after purchasing an additional 1,481,780 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Kimberly-Clark by 54.3% during the first quarter. American Century Companies Inc. now owns 2,910,183 shares of the company’s stock worth $358,418,000 after buying an additional 1,023,684 shares during the period. Finally, Verity Asset Management Inc. acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $91,000. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Kimberly-Clark Stock Down 1.5 %

Shares of KMB stock opened at $125.50 on Friday. Kimberly-Clark Co. has a 1 year low of $117.32 and a 1 year high of $145.79. The stock has a market cap of $42.37 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 4.52 and a beta of 0.31. The business’s fifty day moving average is $133.13 and its 200-day moving average is $130.64. 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 issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark’s payout ratio is 87.71%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KMB shares. UBS Group increased their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Finally, Barclays reduced their price objective on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $131.14.

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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