Newfound Research LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)


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Newfound Research LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 27.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 579 shares of the company’s stock after selling 216 shares during the quarter. Newfound Research LLC’s holdings in Kimberly-Clark were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. JustInvest LLC increased its position in Kimberly-Clark by 34.6% during the first quarter. JustInvest LLC now owns 5,988 shares of the company’s stock valued at $833,000 after acquiring an additional 1,539 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 5.7% in the first quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 5,817 shares of the company’s stock worth $753,000 after acquiring an additional 313 shares during the period. Crossvault Capital Management LLC boosted its stake in shares of Kimberly-Clark by 3.5% in the first quarter. Crossvault Capital Management LLC now owns 3,700 shares of the company’s stock worth $514,000 after acquiring an additional 125 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Kimberly-Clark by 10.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 636,544 shares of the company’s stock worth $88,347,000 after acquiring an additional 62,237 shares during the period. Finally, Comerica Bank boosted its stake in shares of Kimberly-Clark by 0.7% in the first quarter. Comerica Bank now owns 204,234 shares of the company’s stock worth $26,982,000 after acquiring an additional 1,401 shares during the period. Hedge funds and other institutional investors own 71.89% of the company’s stock.

A number of equities research analysts have issued reports on KMB shares. Citigroup decreased their price objective on Kimberly-Clark from $127.00 to $122.00 in a research report on Tuesday, January 26th. Bank of America reduced their price target on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, January 22nd. Sanford C. Bernstein began coverage on Kimberly-Clark in a report on Tuesday, January 19th. They issued a “market perform” rating and a $142.00 price target on the stock. Zacks Investment Research downgraded Kimberly-Clark from a “hold” rating to a “strong sell” rating and set a $111.00 price target on the stock. in a report on Wednesday, April 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $123.00 price objective (down from $144.00) on shares of Kimberly-Clark in a report on Thursday, March 25th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $140.31.

Shares of Kimberly-Clark stock traded up $0.41 during trading on Tuesday, reaching $135.15. The company’s stock had a trading volume of 39,179 shares, compared to its average volume of 2,371,262. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 13.61. The company has a market cap of $45.60 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 3.10 and a beta of 0.50. Kimberly-Clark Co. has a 1-year low of $128.02 and a 1-year high of $160.16. The company has a 50-day simple moving average of $135.67 and a two-hundred day simple moving average of $135.19.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Thursday, April 22nd. The company reported $1.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.94 by ($0.14). The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.97 billion. Kimberly-Clark had a return on equity of 812.50% and a net margin of 12.49%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 EPS. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Friday, June 4th will be paid a $1.14 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $4.56 dividend on an annualized basis and a yield of 3.37%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.18%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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