Harbour Investments Inc. Cuts Holdings in Kimberly-Clark Co. $KMB

Harbour Investments Inc. reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.4% in the second quarter, HoldingsChannel reports. The fund owned 14,959 shares of the company’s stock after selling 532 shares during the period. Harbour Investments Inc.’s holdings in Kimberly-Clark were worth $1,928,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 0.3% during the first quarter. Vanguard Group Inc. now owns 35,235,465 shares of the company’s stock valued at $5,011,188,000 after purchasing an additional 92,920 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kimberly-Clark by 6.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,264,013 shares of the company’s stock worth $1,601,968,000 after purchasing an additional 674,046 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Kimberly-Clark by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,095,260 shares of the company’s stock worth $1,151,309,000 after acquiring an additional 566,152 shares during the last quarter. Invesco Ltd. boosted its position in shares of Kimberly-Clark by 3.1% during the first quarter. Invesco Ltd. now owns 5,827,666 shares of the company’s stock worth $828,811,000 after acquiring an additional 173,915 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Kimberly-Clark by 0.9% during the first quarter. Royal Bank of Canada now owns 3,460,069 shares of the company’s stock valued at $492,091,000 after purchasing an additional 29,453 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.2%

Shares of NYSE:KMB opened at $119.70 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $39.71 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.46 and a beta of 0.30. The firm’s 50-day moving average is $126.94 and its two-hundred day moving average is $131.53. Kimberly-Clark Co. has a 1 year low of $118.18 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Friday, August 1st. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, September 5th. Kimberly-Clark’s dividend payout ratio is presently 69.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Evercore ISI cut their target price on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, September 22nd. UBS Group lowered their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Barclays lowered their target price on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $137.00.

About Kimberly-Clark

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.