Quadrant Capital Group LLC Purchases 3,908 Shares of Kimberly-Clark Corporation $KMB

Quadrant Capital Group LLC increased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 70.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,472 shares of the company’s stock after purchasing an additional 3,908 shares during the period. Quadrant Capital Group LLC’s holdings in Kimberly-Clark were worth $1,221,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Kimberly-Clark in the first quarter worth approximately $12,854,000. Franklin Resources Inc. raised its position in Kimberly-Clark by 3.4% in the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock worth $76,234,000 after acquiring an additional 19,298 shares during the period. Citigroup Inc. boosted its stake in shares of Kimberly-Clark by 86.8% during the 1st quarter. Citigroup Inc. now owns 509,585 shares of the company’s stock worth $72,473,000 after acquiring an additional 236,733 shares during the last quarter. Zions Bancorporation National Association UT grew its position in shares of Kimberly-Clark by 5,204.3% during the 2nd quarter. Zions Bancorporation National Association UT now owns 32,091 shares of the company’s stock valued at $4,137,000 after acquiring an additional 31,486 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Prudential Financial Inc. now owns 444,426 shares of the company’s stock valued at $57,295,000 after acquiring an additional 81,339 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.8%

KMB stock opened at $109.16 on Friday. The company has a debt-to-equity ratio of 4.61, a current ratio of 0.77 and a quick ratio of 0.56. Kimberly-Clark Corporation has a 1-year low of $99.22 and a 1-year high of $150.45. The business has a 50 day simple moving average of $114.22 and a two-hundred day simple moving average of $125.74. The company has a market capitalization of $36.23 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a net margin of 12.87% and a return on equity of 184.87%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, December 5th. Kimberly-Clark’s dividend payout ratio is 85.28%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. Barclays set a $132.00 target price on Kimberly-Clark in a research report on Monday, November 3rd. TD Cowen lowered their price objective on Kimberly-Clark from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a report on Tuesday, October 28th. Cowen reaffirmed a “hold” rating on shares of Kimberly-Clark in a report on Tuesday, November 4th. Finally, Citigroup dropped their price target 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, October 9th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $128.91.

Kimberly-Clark Profile

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.