Blue Trust Inc. Has $1.51 Million Position in Kimberly-Clark Co. $KMB

Blue Trust Inc. raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,733 shares of the company’s stock after acquiring an additional 400 shares during the period. Blue Trust Inc.’s holdings in Kimberly-Clark were worth $1,513,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Kimberly-Clark by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock worth $5,011,188,000 after purchasing an additional 92,920 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in 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 worth $1,601,968,000 after acquiring an additional 674,046 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kimberly-Clark by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after acquiring an additional 566,152 shares during the last quarter. Invesco Ltd. increased its holdings in Kimberly-Clark by 3.1% in the 1st quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after acquiring an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Kimberly-Clark by 0.9% in the 1st quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock worth $492,091,000 after acquiring an additional 29,453 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on KMB. Evercore ISI reduced their target price on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Barclays reduced their target price on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Citigroup reduced their target price on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday. Finally, UBS Group reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.00.

Kimberly-Clark Stock Up 0.0%

Shares of NYSE KMB opened at $119.57 on Friday. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. 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 business has a 50-day moving average of $128.18 and a 200-day moving average of $132.10.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Kimberly-Clark’s revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that Kimberly-Clark Co. 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 Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. Kimberly-Clark’s payout ratio is presently 69.42%.

Kimberly-Clark Company 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.