Raymond James Trust N.A. Has $4.73 Million Stock 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% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 35,003 shares of the company’s stock after buying an additional 1,887 shares during the quarter. Raymond James Trust N.A.’s holdings in Kimberly-Clark were worth $4,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Highland Capital Management LLC boosted its stake in 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 buying an additional 37,696 shares in the last quarter. Pittenger & Anderson Inc. grew its position in shares of Kimberly-Clark by 0.7% in the 2nd quarter. Pittenger & Anderson Inc. now owns 23,590 shares of the company’s stock valued at $3,188,000 after purchasing an additional 160 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $249,000. Boenning & Scattergood Inc. boosted its position in Kimberly-Clark by 1.4% during the 2nd 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 bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $203,000. Institutional investors own 74.36% of the company’s stock.

Kimberly-Clark Trading Down 0.0 %

Kimberly-Clark stock 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 has a debt-to-equity ratio of 10.37, a quick ratio of 0.47 and a current ratio of 0.79. 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. The firm’s 50 day moving average price is $130.55 and its two-hundred day moving average price is $130.14.

Kimberly-Clark (NYSE:KMBGet Rating) last posted its quarterly earnings data 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). The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm 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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.71%.

Analysts Set New Price Targets

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

Kimberly-Clark 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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