Albion Financial Group UT Trims Stake in Kimberly-Clark Corporation (KMB)

Albion Financial Group UT cut its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,601 shares of the company’s stock after selling 467 shares during the period. Albion Financial Group UT’s holdings in Kimberly-Clark were worth $4,726,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Capital Research Global Investors grew its stake in Kimberly-Clark by 46.6% in the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Janus Henderson Group PLC grew its stake in Kimberly-Clark by 5,178.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,994 shares of the company’s stock worth $319,676,000 after acquiring an additional 2,429,085 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Kimberly-Clark by 305.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,009,880 shares of the company’s stock worth $259,496,000 after acquiring an additional 1,514,722 shares in the last quarter. APG Asset Management N.V. grew its stake in Kimberly-Clark by 85.3% in the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after acquiring an additional 929,300 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Kimberly-Clark by 83.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,417,728 shares of the company’s stock worth $183,043,000 after acquiring an additional 645,881 shares in the last quarter. Hedge funds and other institutional investors own 71.61% of the company’s stock.

Shares of Kimberly-Clark Corporation (NYSE:KMB) traded down $0.26 during trading on Wednesday, reaching $122.85. 2,056,600 shares of the company’s stock were exchanged, compared to its average volume of 1,816,515. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. Kimberly-Clark Corporation has a twelve month low of $109.67 and a twelve month high of $136.21. The firm has a market cap of $43,304.84, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 3.20 and a beta of 0.76.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.06. Kimberly-Clark had a net margin of 11.89% and a return on equity of 666.97%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the business posted $1.52 EPS. Kimberly-Clark’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities research analysts anticipate that Kimberly-Clark Corporation will post 6.2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.16%. Kimberly-Clark’s payout ratio is 64.03%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Kimberly-Clark from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Citigroup reaffirmed a “neutral” rating and issued a $131.00 price target (down previously from $132.00) on shares of Kimberly-Clark in a research report on Friday, August 11th. Macquarie assumed coverage on shares of Kimberly-Clark in a research report on Friday, September 15th. They issued a “neutral” rating and a $121.00 price target for the company. Jefferies Group reaffirmed a “hold” rating and issued a $119.00 price target on shares of Kimberly-Clark in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $121.00 price target on shares of Kimberly-Clark in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $127.14.

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About Kimberly-Clark

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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