Kimberly-Clark Co. $KMB Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,859 shares of the company’s stock after selling 155 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KMB. Pacer Advisors Inc. lifted its stake in Kimberly-Clark by 2,982.8% during the 1st quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock valued at $196,878,000 after acquiring an additional 1,339,413 shares during the period. Nuveen LLC acquired a new stake in Kimberly-Clark during the 1st quarter valued at approximately $106,458,000. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Kimberly-Clark by 270.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Kimberly-Clark by 41.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock valued at $334,406,000 after purchasing an additional 687,868 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Kimberly-Clark by 6.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock valued at $1,601,968,000 after purchasing an additional 674,046 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $119.57 on Friday. Kimberly-Clark Co. has a 52-week low of $119.36 and a 52-week high of $150.45. The firm has a market capitalization of $39.67 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 4.46 and a beta of 0.30. The company has a fifty day simple moving average of $128.18 and a 200-day simple moving average of $132.10. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Analysts Set New Price Targets

KMB has been the subject of several analyst reports. UBS Group decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays reduced their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company reduced their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.00.

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.