Richards Merrill & Peterson Inc. Sells 164 Shares of Kimberly-Clark Co. $KMB

Richards Merrill & Peterson Inc. trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,686 shares of the company’s stock after selling 164 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in Kimberly-Clark were worth $217,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in KMB. Pacer Advisors Inc. lifted its holdings in Kimberly-Clark by 2,982.8% during the first quarter. Pacer Advisors Inc. now owns 1,384,318 shares of the company’s stock worth $196,878,000 after acquiring an additional 1,339,413 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Kimberly-Clark during the first quarter worth about $106,458,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Kimberly-Clark by 270.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 984,695 shares of the company’s stock valued at $140,043,000 after purchasing an additional 718,720 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at approximately $91,185,000. Finally, Goldman Sachs Group Inc. increased its stake in Kimberly-Clark by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,351,329 shares of the company’s stock worth $334,406,000 after purchasing an additional 687,868 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KMB shares. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Evercore ISI dropped their price objective on shares of Kimberly-Clark from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Monday, September 22nd. Barclays cut their price objective on shares of Kimberly-Clark from $139.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $144.00 to $127.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Finally, Citigroup cut their price target on Kimberly-Clark from $118.00 to $113.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $137.00.

Kimberly-Clark Trading Up 0.1%

Kimberly-Clark stock opened at $118.93 on Friday. The company has a market cap of $39.46 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 4.46 and a beta of 0.30. The firm has a 50-day moving average of $125.24 and a 200-day moving average of $130.70. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a one year low of $117.49 and a one 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%.The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter in the previous year, the business earned $1.96 earnings per share. Kimberly-Clark’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business 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%.

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.