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

Ferguson Wellman Capital Management Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bivin & Associates Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $26,000. HWG Holdings LP bought a new stake in Kimberly-Clark during the fourth quarter worth approximately $29,000. Roble Belko & Company Inc boosted its holdings in Kimberly-Clark by 69.5% during the first quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after buying an additional 105 shares in the last quarter. West Oak Capital LLC boosted its holdings in Kimberly-Clark by 50.0% during the second quarter. West Oak Capital LLC now owns 240 shares of the company’s stock worth $32,000 after buying an additional 80 shares in the last quarter. Finally, DeDora Capital Inc. bought a new stake in Kimberly-Clark during the first quarter worth approximately $33,000. 74.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on KMB shares. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Bank of America began coverage on shares of Kimberly-Clark in a research note on Wednesday, September 14th. They issued a “neutral” rating for the company. Finally, UBS Group raised their price objective 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. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $131.15.

Kimberly-Clark Stock Down 0.0 %

Kimberly-Clark stock opened at $120.71 on Friday. The company has a market capitalization of $40.75 billion, a P/E ratio of 22.82, a P/E/G ratio of 4.17 and a beta of 0.31. The firm’s fifty day simple moving average is $130.55 and its 200-day simple moving average is $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. Kimberly-Clark Co. has a 1-year low of $117.32 and a 1-year 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 for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.01). The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. Sell-side analysts forecast that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company 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. The ex-dividend date of this dividend 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%.

Kimberly-Clark Company Profile

(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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