Kimberly Clark Corp (KMB) Position Cut by OxFORD Asset Management LLP

OxFORD Asset Management LLP trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 89.7% during the third quarter, Holdings Channel reports. The fund owned 7,512 shares of the company’s stock after selling 65,149 shares during the quarter. OxFORD Asset Management LLP’s holdings in Kimberly Clark were worth $884,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tredje AP fonden grew its stake in shares of Kimberly Clark by 3.5% during the third quarter. Tredje AP fonden now owns 61,207 shares of the company’s stock worth $7,264,000 after buying an additional 2,090 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Kimberly Clark by 14.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 271,185 shares of the company’s stock worth $31,913,000 after buying an additional 34,640 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Kimberly Clark by 3.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 62,021 shares of the company’s stock worth $7,298,000 after buying an additional 1,905 shares during the last quarter. KBC Group NV grew its stake in shares of Kimberly Clark by 13.0% during the third quarter. KBC Group NV now owns 101,367 shares of the company’s stock worth $11,929,000 after buying an additional 11,648 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kimberly Clark by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 791,260 shares of the company’s stock worth $93,112,000 after buying an additional 21,009 shares during the last quarter. 71.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kimberly Clark Corp (KMB) opened at $114.96 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17. Kimberly Clark Corp has a one year low of $109.67 and a one year high of $136.21. The firm has a market cap of $40,440.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.93 and a beta of 0.75.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the 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 company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Kimberly Clark’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts forecast that Kimberly Clark Corp will post 6.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 8th were paid a $0.97 dividend. The ex-dividend date was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.38%. Kimberly Clark’s dividend payout ratio is 64.03%.

A number of research firms have weighed in on KMB. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research note on Wednesday. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Thursday, October 26th. Societe Generale raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.05 to $144.00 in a research note on Thursday, November 2nd. Deutsche Bank began coverage on shares of Kimberly Clark in a research note on Wednesday, December 13th. They set a “hold” rating and a $121.00 target price on the stock. Finally, Macquarie began coverage on shares of Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.50.

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Kimberly Clark Profile

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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