Montag A & Associates Inc. increased its stake in Kimberly-Clark Corporation (NYSE:KMB) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,799 shares of the company’s stock after buying an additional 587 shares during the period. Montag A & Associates Inc.’s holdings in Kimberly-Clark Corporation were worth $1,782,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its stake in shares of Kimberly-Clark Corporation by 1.3% in the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock worth $2,323,785,000 after buying an additional 225,993 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kimberly-Clark Corporation by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock worth $566,053,000 after buying an additional 207,316 shares during the last quarter. FMR LLC increased its stake in shares of Kimberly-Clark Corporation by 23.4% in the first 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 last quarter. APG Asset Management N.V. increased its stake in shares of Kimberly-Clark Corporation by 85.3% in the second 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 last quarter. Finally, Legal & General Group Plc increased its stake in shares of Kimberly-Clark Corporation by 3.7% in the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock worth $252,551,000 after buying an additional 68,776 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

In related news, Director Robert W. Decherd acquired 1,500 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was purchased at an average cost of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the purchase, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation (KMB) opened at 113.44 on Friday. The stock’s 50 day moving average is $118.38 and its 200 day moving average is $125.07. Kimberly-Clark Corporation has a one year low of $110.33 and a one year high of $136.21. The firm has a market cap of $40.08 billion, a P/E ratio of 18.94 and a beta of 0.76.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th were paid a dividend of $0.97 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.88 annualized dividend and a yield of 3.42%. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.88%.

A number of brokerages recently issued reports on KMB. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Citigroup Inc. set a $134.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. BidaskClub lowered shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Berenberg Bank restated a “hold” rating on shares of Kimberly-Clark Corporation in a research note on Thursday, July 27th. Finally, UBS AG lowered shares of Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $134.00 to $120.00 in a research note on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $128.46.

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Kimberly-Clark Corporation Company 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 Corporation (NYSE:KMB)

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