Kimberly-Clark Corporation $KMB Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 39.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,269 shares of the company’s stock after selling 5,492 shares during the quarter. Kimberly-Clark accounts for approximately 0.6% of Kennon Green & Company LLC’s holdings, making the stock its 29th largest holding. Kennon Green & Company LLC’s holdings in Kimberly-Clark were worth $806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ally Financial Inc. acquired a new position in Kimberly-Clark in the 4th quarter worth $1,009,000. Legal & General Group Plc acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $223,668,000. Oddo BHF Asset Management Sas increased its position in shares of Kimberly-Clark by 29.6% during the fourth quarter. Oddo BHF Asset Management Sas now owns 61,795 shares of the company’s stock worth $6,234,000 after acquiring an additional 14,115 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Kimberly-Clark by 3.5% in the second quarter. NewEdge Advisors LLC now owns 595,464 shares of the company’s stock worth $65,364,000 after acquiring an additional 20,300 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $1,047,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KMB shares. UBS Group increased their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $105.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, TD Cowen lifted their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.00.

Kimberly-Clark Stock Up 1.1%

NASDAQ:KMB traded up $1.05 during mid-day trading on Monday, reaching $95.41. The stock had a trading volume of 3,157,339 shares, compared to its average volume of 4,821,694. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market capitalization of $31.73 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 4.82 and a beta of 0.25. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $123.09. The stock’s 50 day simple moving average is $105.11 and its two-hundred day simple moving average is $102.64.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the company earned $1.92 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts anticipate that Kimberly-Clark Corporation will post 7.35 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Friday, September 4th. Kimberly-Clark’s payout ratio is 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation (NASDAQ:KMB) is a global personal care and consumer products company that develops and markets essential products for consumers and professional customers. Its portfolio includes products in the baby and childcare, adult care, feminine care, facial and bathroom tissue, and household categories.

The company’s well-known brands include Huggies diapers and wipes, Kleenex tissues, Kotex feminine care products, Cottonelle and Scott bathroom tissue, and Depend and Poise adult care products.