Longfellow Investment Management Co. LLC Invests $1.71 Million in Kimberly-Clark Corporation $KMB

Longfellow Investment Management Co. LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,538 shares of the company’s stock, valued at approximately $1,706,000.

A number of other large investors have also added to or reduced their stakes in KMB. Wellington Management Group LLP raised its position in Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock worth $743,399,000 after acquiring an additional 7,341,215 shares during the period. Norges Bank bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $521,184,000. Bank of New York Mellon Corp bought a new position in shares of Kimberly-Clark during the 2nd quarter valued at approximately $239,612,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $188,902,000. Finally, Bank of America Corp DE raised its holdings in shares of Kimberly-Clark by 29.1% in the 1st quarter. Bank of America Corp DE now owns 6,661,899 shares of the company’s stock worth $642,673,000 after purchasing an additional 1,503,018 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMB shares. Barclays upped their price objective on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. UBS Group upped their price target on Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $117.93.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $110.39 on Monday. The firm has a 50 day simple moving average of $108.10 and a 200 day simple moving average of $103.14. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $136.17. The firm has a market capitalization of $36.71 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 5.25 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter in the prior year, the company earned $1.92 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be paid a $1.28 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.12 annualized dividend and a yield of 4.6%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 87.07%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.