FNY Investment Advisers LLC Lowers Stock Holdings in Kimberly-Clark Corporation $KMB

FNY Investment Advisers LLC lowered its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 51.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,965 shares of the company’s stock after selling 7,525 shares during the quarter. FNY Investment Advisers LLC’s holdings in Kimberly-Clark were worth $764,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Godfrey Financial Associates Inc. bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at approximately $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $27,000. Eagle Bay Advisors LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KMB. Bank of America dropped their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. UBS Group boosted their target price on shares of Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays boosted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Seaport Research Partners raised shares of Kimberly-Clark to a “buy” rating in a research note on Tuesday. Finally, TD Cowen raised their target price on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $117.93.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $108.66 on Friday. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.55. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The stock’s 50 day simple moving average is $106.60 and its two-hundred day simple moving average is $102.79. The company has a market cap of $36.14 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 4.87 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). The firm had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The firm’s revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $1.92 earnings per share. As a group, equities analysts anticipate that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

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.