Kimberly-Clark Co. $KMB Shares Sold by Credit Agricole S A

Credit Agricole S A reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,475 shares of the company’s stock after selling 10,676 shares during the quarter. Credit Agricole S A’s holdings in Kimberly-Clark were worth $13,578,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Cornerstone Wealth Management LLC grew its position in Kimberly-Clark by 1.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock worth $577,000 after purchasing an additional 74 shares during the last quarter. Tudor Financial Inc. grew its position in Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock worth $290,000 after purchasing an additional 75 shares during the last quarter. Park National Corp OH grew its position in Kimberly-Clark by 2.6% during the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after purchasing an additional 77 shares during the last quarter. Hoge Financial Services LLC grew its position in Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock worth $271,000 after purchasing an additional 77 shares during the last quarter. Finally, Nwam LLC grew its position in Kimberly-Clark by 1.2% during the 1st quarter. Nwam LLC now owns 6,386 shares of the company’s stock worth $908,000 after purchasing an additional 77 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.2%

Shares of NYSE KMB opened at $133.26 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The firm has a 50-day moving average price of $130.40 and a 200 day moving average price of $135.09. The stock has a market capitalization of $44.21 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 4.46 and a beta of 0.33.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Friday, August 1st. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter last year, the business earned $1.96 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, September 5th will be paid a $1.26 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.04 annualized dividend and a dividend yield of 3.8%. Kimberly-Clark’s dividend payout ratio (DPR) is 69.42%.

Analyst Ratings Changes

Several analysts have recently weighed in on KMB shares. Barclays lifted their target price on shares of Kimberly-Clark from $134.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. JPMorgan Chase & Co. raised shares of Kimberly-Clark from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $125.00 to $138.00 in a report on Monday, August 4th. Royal Bank Of Canada lowered their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Finally, UBS Group lowered their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $142.70.

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.