Patten Group Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 0.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,090 shares of the company's stock after selling 148 shares during the quarter. Kimberly-Clark comprises 2.7% of Patten Group Inc.'s portfolio, making the stock its 5th largest holding. Patten Group Inc.'s holdings in Kimberly-Clark were worth $8,426,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in shares of Kimberly-Clark by 1.7% during the fourth quarter. LPL Financial LLC now owns 571,908 shares of the company's stock worth $81,737,000 after buying an additional 9,808 shares during the last quarter. State Street Corp lifted its holdings in shares of Kimberly-Clark by 1.6% during the fourth quarter. State Street Corp now owns 17,858,070 shares of the company's stock worth $2,572,147,000 after buying an additional 289,762 shares during the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of Kimberly-Clark by 4.9% during the fourth quarter. Freestone Capital Holdings LLC now owns 26,877 shares of the company's stock worth $3,841,000 after buying an additional 1,266 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Kimberly-Clark by 11.8% during the fourth quarter. Bridgewater Associates LP now owns 736,310 shares of the company's stock worth $105,233,000 after buying an additional 77,858 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $341,000. Institutional investors own 74.36% of the company's stock.
Get Kimberly-Clark alerts:Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $120.29 on Friday. The stock has a fifty day moving average price of $130.26 and a two-hundred day moving average price of $130.17. The company has a debt-to-equity ratio of 10.37, a current ratio of 0.79 and a quick ratio of 0.47. The firm has a market capitalization of $40.61 billion, a P/E ratio of 22.74, a P/E/G ratio of 4.16 and a beta of 0.31. Kimberly-Clark Co. has a 52-week low of $117.32 and a 52-week high of $145.79.
Kimberly-Clark (NYSE:KMB – Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. Kimberly-Clark's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. As a group, analysts anticipate that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.Kimberly-Clark Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark's payout ratio is presently 87.71%.
Analysts Set New Price Targets
KMB has been the subject of a number of recent research reports. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Friday, July 22nd. Bank of America initiated coverage on Kimberly-Clark in a research note on Wednesday, September 14th. They issued a "neutral" rating for the company. Finally, UBS Group upped their target price on Kimberly-Clark from $136.00 to $142.00 and gave the company a "neutral" rating in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $131.15.
About Kimberly-Clark
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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, swimpants, training and youth pants, 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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