Massachusetts Financial Services Co. MA Has $647.98 Million Holdings in Kimberly-Clark Corporation $KMB

Massachusetts Financial Services Co. MA decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 5,211,366 shares of the company’s stock after selling 112,188 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Kimberly-Clark were worth $647,981,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Vanguard Group Inc. lifted its holdings in shares of Kimberly-Clark by 14.8% in the second quarter. Vanguard Group Inc. now owns 40,435,476 shares of the company’s stock valued at $5,212,942,000 after purchasing an additional 5,200,011 shares in the last quarter. Norges Bank acquired a new position in Kimberly-Clark during the second quarter valued at $556,114,000. Federated Hermes Inc. lifted its stake in Kimberly-Clark by 350.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,583,193 shares of the company’s stock worth $204,105,000 after acquiring an additional 1,231,501 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Kimberly-Clark by 32,568.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 978,419 shares of the company’s stock worth $126,138,000 after acquiring an additional 975,424 shares during the period. Finally, Sarasin & Partners LLP grew its stake in Kimberly-Clark by 88.9% during the 3rd quarter. Sarasin & Partners LLP now owns 2,048,544 shares of the company’s stock valued at $251,274,000 after acquiring an additional 963,978 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 1.1%

Kimberly-Clark stock opened at $99.32 on Monday. The company has a market capitalization of $32.96 billion, a P/E ratio of 16.81, a P/E/G ratio of 3.81 and a beta of 0.26. The firm’s fifty day simple moving average is $102.45 and its 200-day simple moving average is $117.38. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.41. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.45 by $0.37. Kimberly-Clark had a return on equity of 183.11% and a net margin of 10.89%.The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company posted $1.83 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 5th were paid a $1.26 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 5.1%. Kimberly-Clark’s payout ratio is presently 85.28%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KMB shares. Morgan Stanley reduced their price target on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 4th. BNP Paribas Exane cut their target price on shares of Kimberly-Clark from $127.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, December 1st. UBS Group lowered their price target on shares of Kimberly-Clark from $132.00 to $107.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Finally, Wells Fargo & Company lowered their target price on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $117.69.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.