Wellington Management Group LLP Sells 2,470,167 Shares of Kimberly-Clark Corporation $KMB

Wellington Management Group LLP reduced its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 27.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,486,357 shares of the company’s stock after selling 2,470,167 shares during the quarter. Wellington Management Group LLP owned 1.95% of Kimberly-Clark worth $712,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KMB. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $27,000. Godfrey Financial Associates Inc. bought a new position in Kimberly-Clark in the 4th quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at $27,000. Ancora Advisors LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at $32,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth $32,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $109.55 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $131.53. The firm has a market capitalization of $36.43 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 5.22 and a beta of 0.26. The company has a current ratio of 0.91, a quick ratio of 0.69 and a debt-to-equity ratio of 3.45. The firm has a 50 day moving average of $109.66 and a 200 day moving average of $103.71.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.21). The business had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.92 EPS. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.42 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s payout ratio is currently 87.07%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company boosted 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. Seaport Research Partners upgraded Kimberly-Clark to a “buy” rating in a report on Tuesday, August 4th. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. UBS Group raised their price target on shares of Kimberly-Clark from $115.00 to $116.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.93.

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.