Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,107 shares of the company’s stock after selling 664 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Kimberly-Clark were worth $2,177,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KMB. Bivin & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth $26,000. HWG Holdings LP acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth $29,000. Roble Belko & Company Inc lifted its stake in shares of Kimberly-Clark by 69.5% in the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares during the period. West Oak Capital LLC lifted its stake in shares of Kimberly-Clark by 50.0% in the 2nd quarter. West Oak Capital LLC now owns 240 shares of the company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Finally, DeDora Capital Inc. acquired a new stake in shares of Kimberly-Clark in the 1st quarter worth $33,000. Institutional investors and hedge funds own 74.36% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $120.71 on Friday. Kimberly-Clark Co. has a 1 year low of $117.32 and a 1 year high of $145.79. The company’s 50 day simple moving average is $130.55 and its 200 day simple moving average is $130.14. The company has a market capitalization of $40.75 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 4.17 and a beta of 0.31. 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 for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.47 earnings per share. On average, sell-side analysts predict 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 issued a $1.16 dividend. The ex-dividend date is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.84%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 87.71%.

Analysts Set New Price Targets

Several research firms have recently commented on KMB. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Friday, July 22nd. UBS Group raised 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. Finally, Bank of America began coverage on shares of Kimberly-Clark in a report on Wednesday, September 14th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $131.15.

Kimberly-Clark Profile

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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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