Kimberly-Clark Corporation $KMB Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,825 shares of the company’s stock after selling 7,469 shares during the period. The Manufacturers Life Insurance Company’s holdings in Kimberly-Clark were worth $30,279,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $27,000. Godfrey Financial Associates Inc. acquired a new position in Kimberly-Clark in the fourth quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $27,000. Ancora Advisors LLC acquired a new stake in Kimberly-Clark during the second quarter worth about $32,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Kimberly-Clark during the second quarter worth about $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of several research analyst reports. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research report on Thursday. TD Cowen raised their price target on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Freedom Capital raised shares of Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price objective on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $117.36.

Kimberly-Clark Trading Down 0.3%

NASDAQ:KMB opened at $98.15 on Friday. The business’s 50-day moving average is $108.69 and its two-hundred day moving average is $103.44. The firm has a market capitalization of $32.64 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 4.11 and a beta of 0.25. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $129.87. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the company earned $1.92 EPS. Kimberly-Clark’s quarterly revenue was up .6% on a year-over-year basis. Research analysts predict that Kimberly-Clark Corporation will post 7.37 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is currently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.