Raymond James Trust N.A. Raises Position in Kimberly-Clark Co. (NYSE:KMB)

Raymond James Trust N.A. increased its stake in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,003 shares of the company’s stock after buying an additional 1,887 shares during the period. Raymond James Trust N.A.’s holdings in Kimberly-Clark were worth $4,731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KMB. Highland Capital Management LLC raised its holdings in shares of Kimberly-Clark by 1,132.0% during the second quarter. Highland Capital Management LLC now owns 41,026 shares of the company’s stock worth $5,545,000 after purchasing an additional 37,696 shares during the period. Pittenger & Anderson Inc. raised its position in Kimberly-Clark by 0.7% during the second quarter. Pittenger & Anderson Inc. now owns 23,590 shares of the company’s stock valued at $3,188,000 after acquiring an additional 160 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Kimberly-Clark in the second quarter valued at approximately $249,000. Boenning & Scattergood Inc. grew its stake in shares of Kimberly-Clark by 1.4% in the second quarter. Boenning & Scattergood Inc. now owns 15,058 shares of the company’s stock worth $2,035,000 after acquiring an additional 201 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new stake in Kimberly-Clark during the second quarter worth $203,000. Institutional investors and hedge funds own 74.36% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $120.71 on Friday. The company has a 50-day moving average of $130.55 and a 200-day moving average of $130.14. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 4.17 and a beta of 0.31. Kimberly-Clark Co. has a twelve month low of $117.32 and a twelve month high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last released 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 net margin of 8.87% and a return on equity of 249.60%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast 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 given a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 annualized dividend and a dividend yield of 3.84%. Kimberly-Clark’s payout ratio is 87.71%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America started coverage on Kimberly-Clark in a report on Wednesday, September 14th. They set a “neutral” rating for the company. UBS Group increased their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark 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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