Vanguard Personalized Indexing Management LLC Grows Position in Kimberly-Clark Co. $KMB

Vanguard Personalized Indexing Management LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 22.3% during the second quarter, HoldingsChannel.com reports. The firm owned 54,691 shares of the company’s stock after buying an additional 9,965 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kimberly-Clark were worth $7,051,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of KMB. Cornerstone Wealth Management LLC boosted its position in Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after acquiring an additional 74 shares during the period. Hoge Financial Services LLC boosted its position in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after acquiring an additional 77 shares during the period. Nwam LLC boosted its position in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after acquiring an additional 77 shares during the period. Old North State Wealth Management LLC boosted its position in Kimberly-Clark by 4.6% during the 1st quarter. Old North State Wealth Management LLC now owns 1,815 shares of the company’s stock worth $258,000 after acquiring an additional 79 shares during the period. Finally, Silver Coast Investments LLC boosted its position in Kimberly-Clark by 5.2% during the 1st quarter. Silver Coast Investments LLC now owns 1,688 shares of the company’s stock worth $240,000 after acquiring an additional 83 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Barclays reduced their price target on Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating for the company in a report on Friday. Citigroup cut their price objective on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday. Finally, Evercore ISI cut their price objective on Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, September 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Up 0.0%

Shares of NYSE KMB opened at $119.57 on Monday. Kimberly-Clark Co. has a 12 month low of $119.36 and a 12 month high of $150.45. The company has a market cap of $39.67 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 4.46 and a beta of 0.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a fifty day simple moving average of $128.18 and a 200-day simple moving average of $131.99.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating 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 business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period in the prior year, the business posted $1.96 earnings per share. Kimberly-Clark’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced 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. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is currently 69.42%.

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.