Kimberly-Clark Co. $KMB Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,559 shares of the company’s stock after selling 130 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Kimberly-Clark were worth $330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Cornerstone Wealth Management LLC increased its stake in Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. increased its stake in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after buying an additional 75 shares during the period. Hoge Financial Services LLC increased its stake in Kimberly-Clark by 4.2% in the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after buying an additional 77 shares during the period. Nwam LLC increased its stake in Kimberly-Clark by 1.2% in the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock valued at $908,000 after buying an additional 77 shares during the period. Finally, Old North State Wealth Management LLC increased its stake in Kimberly-Clark by 4.6% in the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock valued at $258,000 after buying an additional 79 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $119.63 on Thursday. The firm has a market capitalization of $39.69 billion, a P/E ratio of 15.85, a PEG ratio of 4.46 and a beta of 0.30. Kimberly-Clark Co. has a one year low of $119.54 and a one year high of $150.45. The company’s fifty day moving average is $128.50 and its two-hundred day moving average is $132.35. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, September 5th were given a $1.26 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s payout ratio is currently 69.42%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMB. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $125.00 to $138.00 in a research note on Monday, August 4th. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Monday, September 22nd. UBS Group dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $138.78.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.