Loomis Sayles & Co. L P Has $12.96 Million Stock Position in Kimberly-Clark Corporation $KMB

Loomis Sayles & Co. L P boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 82.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 100,492 shares of the company’s stock after acquiring an additional 45,388 shares during the period. Loomis Sayles & Co. L P’s holdings in Kimberly-Clark were worth $12,955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. Financial Network Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 176.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 196 shares of the company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. Investment Research & Advisory Group Inc. acquired a new position in Kimberly-Clark during the second quarter worth $25,000. Princeton Global Asset Management LLC lifted its stake in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after buying an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $27,000. Finally, Vermillion & White Wealth Management Group LLC increased its position in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Morgan Stanley dropped their target price on Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 4th. Citigroup decreased their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating for the company in a report on Thursday, October 9th. UBS Group increased their price target on Kimberly-Clark from $130.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Finally, Barclays set a $132.00 price objective on shares of Kimberly-Clark in a report on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $128.91.

Kimberly-Clark Trading Up 0.8%

NASDAQ:KMB opened at $109.16 on Monday. Kimberly-Clark Corporation has a 12 month low of $99.22 and a 12 month high of $150.45. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 4.61. The firm’s 50 day moving average is $114.22 and its 200 day moving average is $125.68. The stock has a market capitalization of $36.23 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 3.67 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Thursday, October 30th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.37. The business had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.14 billion. Kimberly-Clark had a return on equity of 184.87% and a net margin of 12.87%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $1.83 earnings per share. Sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 5th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.04 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio is 85.28%.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.