Dana Investment Advisors Inc. lessened its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 229,784 shares of the company’s stock after selling 8,691 shares during the quarter. Kimberly-Clark accounts for about 1.4% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Dana Investment Advisors Inc. owned approximately 0.07% of Kimberly-Clark worth $29,667,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after acquiring an additional 537,794 shares during the period. State Street Corp boosted its holdings in Kimberly-Clark by 1.3% in the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after acquiring an additional 225,993 shares during the period. Capital Research Global Investors boosted its holdings 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 during the period. Wells Fargo & Company MN boosted its holdings in Kimberly-Clark by 3.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after acquiring an additional 181,517 shares during the period. Finally, Federated Investors Inc. PA boosted its holdings in Kimberly-Clark by 1.7% in the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after acquiring an additional 55,108 shares during the period. 71.60% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on KMB shares. J P Morgan Chase & Co cut Kimberly-Clark from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $115.55 to $100.00 in a report on Friday, October 20th. Societe Generale upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and increased their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Macquarie initiated coverage on Kimberly-Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $127.14.
Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly-Clark had a return on equity of 666.97% and a net margin of 11.89%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. sell-side analysts anticipate that Kimberly-Clark Corporation will post 6.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 8th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, December 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.03%.
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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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