Lowe Brockenbrough & Co. Inc. lessened its stake in Kimberly-Clark Corporation (NYSE:KMB) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,368 shares of the company’s stock after selling 1,217 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Kimberly-Clark Corporation were worth $5,212,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. APG Asset Management N.V. raised its stake 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 buying an additional 929,300 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Kimberly-Clark Corporation during the 1st quarter worth approximately $93,657,000. FMR LLC raised its stake 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 buying an additional 491,121 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Kimberly-Clark Corporation by 35.0% during the 1st quarter. TIAA CREF Investment Management LLC now owns 1,659,203 shares of the company’s stock worth $218,401,000 after buying an additional 429,763 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Kimberly-Clark Corporation by 40.1% during the 1st quarter. Prudential Financial Inc. now owns 1,502,258 shares of the company’s stock worth $197,742,000 after buying an additional 429,680 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.

Several brokerages have recently weighed in on KMB. Zacks Investment Research raised Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Macquarie began coverage on Kimberly-Clark Corporation in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 target price for the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $121.00 target price on shares of Kimberly-Clark Corporation in a research note on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $119.00 target price on shares of Kimberly-Clark Corporation in a research note on Thursday, September 7th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly-Clark Corporation in a research note on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $130.93.

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Kimberly-Clark Corporation (NYSE KMB) opened at 117.19 on Thursday. The firm has a market capitalization of $41.40 billion, a P/E ratio of 19.57 and a beta of 0.76. The company has a 50-day moving average price of $120.23 and a 200 day moving average price of $126.38. Kimberly-Clark Corporation has a 1-year low of $111.30 and a 1-year high of $136.21.

Kimberly-Clark Corporation (NYSE:KMB) last posted its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.49. The company had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. Kimberly-Clark Corporation’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 earnings per share. Analysts expect that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.31%. Kimberly-Clark Corporation’s payout ratio is 64.88%.

In other news, Director Robert W. Decherd bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were bought at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the transaction, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by insiders.

Kimberly-Clark Corporation 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.

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

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