Kimberly-Clark Corporation $KMB Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 275,825 shares of the company’s stock after selling 7,469 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Kimberly-Clark worth $30,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tarbox Family Office Inc. acquired a new position in Kimberly-Clark during the second quarter worth about $222,000. Sequoia Financial Advisors LLC grew its position in shares of Kimberly-Clark by 7.6% in the second quarter. Sequoia Financial Advisors LLC now owns 67,535 shares of the company’s stock valued at $7,413,000 after purchasing an additional 4,750 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Kimberly-Clark by 8.4% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,877 shares of the company’s stock worth $316,000 after purchasing an additional 223 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Kimberly-Clark by 12.9% during the 2nd quarter. MCF Advisors LLC now owns 7,093 shares of the company’s stock worth $786,000 after purchasing an additional 812 shares in the last quarter. Finally, National Pension Service raised its position in shares of Kimberly-Clark by 10.1% during the 2nd quarter. National Pension Service now owns 691,606 shares of the company’s stock worth $75,918,000 after purchasing an additional 63,399 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.3%

Shares of NASDAQ KMB opened at $98.15 on Friday. The firm has a market cap of $32.64 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 4.11 and a beta of 0.25. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.69 and a current ratio of 0.91. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $129.87. The firm’s 50 day moving average price is $108.69 and its 200 day moving average price is $103.44.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The business had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the firm posted $1.92 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.37 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 4th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is presently 87.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays increased their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Seaport Research Partners raised Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Piper Sandler reduced their price objective on Kimberly-Clark from $121.00 to $118.00 and set an “overweight” rating on the stock in a research report on Friday. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. Finally, UBS Group lifted their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.36.

About Kimberly-Clark

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.