Eastern Bank increased its stake in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 103,514 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Eastern Bank’s holdings in Kimberly-Clark Corporation were worth $13,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Kimberly-Clark Corporation by 1.3% during the 1st quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after purchasing an additional 225,993 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Kimberly-Clark Corporation by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after purchasing an additional 207,316 shares during the last quarter. FMR LLC raised its position in shares of Kimberly-Clark Corporation by 23.4% during the 1st quarter. FMR LLC now owns 2,589,395 shares of the company’s stock worth $340,841,000 after purchasing an additional 491,121 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Kimberly-Clark Corporation by 85.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock worth $260,563,000 after purchasing an additional 929,300 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Kimberly-Clark Corporation by 3.7% during the 1st quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after purchasing an additional 68,776 shares during the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Shares of Kimberly-Clark Corporation (NYSE KMB) opened at 121.10 on Friday. The stock has a market cap of $42.78 billion, a PE ratio of 20.22 and a beta of 0.78. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21. The stock has a 50 day moving average of $121.55 and a 200 day moving average of $127.86.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.49. The business had revenue of $4.55 billion during the quarter, compared to analyst estimates of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities research analysts forecast that Kimberly-Clark Corporation will post $6.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.88%.

In other news, Director Robert W. Decherd acquired 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the transaction, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

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Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $133.00 price objective on shares of Kimberly-Clark Corporation in a research note on Wednesday, May 31st. Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Finally, Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $132.07.

About Kimberly-Clark Corporation

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.

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

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