Advisory Services Network LLC trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,142 shares of the company’s stock after selling 918 shares during the quarter. Advisory Services Network LLC’s holdings in Kimberly Clark were worth $1,180,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KMB. Heritage Trust Co lifted its position in shares of Kimberly Clark by 11.2% during the second quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after purchasing an additional 100 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its position in shares of Kimberly Clark by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after purchasing an additional 400 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Kimberly Clark by 15.9% during the second quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after purchasing an additional 143 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in shares of Kimberly Clark by 0.5% during the second quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares during the last quarter. Finally, Acrospire Investment Management LLC lifted its position in shares of Kimberly Clark by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock worth $155,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.

Kimberly Clark Corp (NYSE:KMB) opened at $120.11 on Friday. The company has a market capitalization of $42,126.46, a price-to-earnings ratio of 19.60, a PEG ratio of 3.11 and a beta of 0.76. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97. Kimberly Clark Corp has a 52 week low of $109.67 and a 52 week high of $136.21.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.54 by $0.06. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.65 billion. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share. analysts forecast that Kimberly Clark Corp will post 6.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.23%. Kimberly Clark’s dividend payout ratio is currently 64.03%.

Several analysts have recently weighed in on KMB shares. Citigroup reiterated a “neutral” rating and set a $131.00 target price (down from $132.00) on shares of Kimberly Clark in a research report on Friday, August 11th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Jefferies Group reiterated a “hold” rating and set a $119.00 target price on shares of Kimberly Clark in a research report on Thursday, September 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $121.00 target price on shares of Kimberly Clark in a research report on Friday, September 8th. Finally, Macquarie started coverage on Kimberly Clark in a research note on Friday, September 15th. They set a “neutral” rating and a $121.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $127.14.

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About Kimberly Clark

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 (NYSE:KMB)

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