Matrix Asset Advisors Inc. NY Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Matrix Asset Advisors Inc. NY decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,987 shares of the company’s stock after selling 410 shares during the quarter. Kimberly-Clark accounts for approximately 1.7% of Matrix Asset Advisors Inc. NY’s portfolio, making the stock its 26th largest position. Matrix Asset Advisors Inc. NY’s holdings in Kimberly-Clark were worth $11,351,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bivin & Associates Inc. bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $26,000. HWG Holdings LP bought a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $29,000. Roble Belko & Company Inc lifted its stake in shares of Kimberly-Clark by 69.5% during the 1st quarter. Roble Belko & Company Inc now owns 256 shares of the company’s stock worth $32,000 after acquiring an additional 105 shares during the last quarter. West Oak Capital LLC raised its position in Kimberly-Clark by 50.0% during the 2nd quarter. West Oak Capital LLC now owns 240 shares of the company’s stock valued at $32,000 after purchasing an additional 80 shares in the last quarter. Finally, DeDora Capital Inc. bought a new stake in Kimberly-Clark during the 1st quarter valued at $33,000. Institutional investors own 74.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. UBS Group lifted their price target on Kimberly-Clark from $136.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Finally, Bank of America began coverage on Kimberly-Clark in a research note on Wednesday, September 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.15.

Kimberly-Clark Price Performance

KMB stock traded down $0.44 during trading on Friday, hitting $120.27. 14,792 shares of the stock traded hands, compared to its average volume of 1,361,551. Kimberly-Clark Co. has a one year low of $117.32 and a one year high of $145.79. The stock has a market cap of $40.61 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 4.17 and a beta of 0.31. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. The company has a 50 day simple moving average of $130.55 and a 200 day simple moving average of $130.14.

Kimberly-Clark (NYSE:KMBGet Rating) last issued its quarterly 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%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. Equities analysts expect that Kimberly-Clark Co. will post 5.64 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is currently 87.71%.

Kimberly-Clark Company Profile

(Get Rating)

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.

See Also

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

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