Mairs & Power Inc. Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Mairs & Power Inc. decreased its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 23.5% in the 1st quarter, HoldingsChannel reports. The fund owned 24,794 shares of the company’s stock after selling 7,596 shares during the quarter. Mairs & Power Inc.’s holdings in Kimberly-Clark were worth $3,054,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First Affirmative Financial Network increased its position in shares of Kimberly-Clark by 18.1% in the first quarter. First Affirmative Financial Network now owns 2,220 shares of the company’s stock valued at $273,000 after buying an additional 340 shares in the last quarter. Norges Bank purchased a new position in shares of Kimberly-Clark in the fourth quarter valued at $473,552,000. Van ECK Associates Corp purchased a new position in shares of Kimberly-Clark in the first quarter valued at $559,000. Integrated Advisors Network LLC increased its position in shares of Kimberly-Clark by 25.4% in the first quarter. Integrated Advisors Network LLC now owns 1,857 shares of the company’s stock valued at $229,000 after buying an additional 376 shares in the last quarter. Finally, AGF Investments LLC increased its position in shares of Kimberly-Clark by 2,379.5% in the first quarter. AGF Investments LLC now owns 6,397 shares of the company’s stock valued at $788,000 after buying an additional 6,139 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Kimberly-Clark Stock Up 1.1 %

Shares of NYSE:KMB opened at $126.84 on Friday. The stock’s 50-day moving average price is $132.93 and its two-hundred day moving average price is $130.59. The company has a current ratio of 0.79, a quick ratio of 0.47 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 firm has a market cap of $42.82 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 4.50 and a beta of 0.31.

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 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 business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Dividend Announcement

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 paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark’s payout ratio is 87.71%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMB shares. Barclays dropped their price target on 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. UBS Group increased their price objective on Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $131.15.

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.

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

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