Neuberger Berman Group LLC Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Neuberger Berman Group LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMBGet Rating) by 245.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 631,829 shares of the company’s stock after purchasing an additional 448,852 shares during the period. Neuberger Berman Group LLC’s holdings in Kimberly-Clark were worth $77,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Toroso Investments LLC lifted its stake in shares of Kimberly-Clark by 59.4% during the first quarter. Toroso Investments LLC now owns 9,674 shares of the company’s stock valued at $1,191,000 after buying an additional 3,604 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Kimberly-Clark by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 2,858 shares of the company’s stock valued at $379,000 after buying an additional 164 shares during the period. Capital Research Global Investors lifted its stake in shares of Kimberly-Clark by 9.5% during the first quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock valued at $1,506,033,000 after buying an additional 1,056,127 shares during the period. Connors Investor Services Inc. lifted its stake in shares of Kimberly-Clark by 2.1% during the first quarter. Connors Investor Services Inc. now owns 4,371 shares of the company’s stock valued at $538,000 after buying an additional 91 shares during the period. Finally, Range Financial Group LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $571,000. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $122.02 on Friday. The company has a market capitalization of $41.20 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 4.20 and a beta of 0.31. The firm has a fifty day simple moving average of $131.66 and a 200-day simple moving average of $130.36. The company has a current ratio of 0.79, a quick ratio of 0.47 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a twelve month low of $117.32 and a twelve month high of $145.79.

Kimberly-Clark (NYSE:KMBGet Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. Kimberly-Clark’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.47 earnings per share. Equities research analysts anticipate that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a dividend of $1.16 per share. The ex-dividend date is Thursday, September 8th. This represents a $4.64 dividend on an annualized basis and a yield of 3.80%. Kimberly-Clark’s dividend payout ratio (DPR) is 87.71%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. UBS Group upped their price target on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Barclays dropped their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. Finally, Bank of America assumed coverage on shares of Kimberly-Clark in a research report on Wednesday. They set a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $131.15.

About Kimberly-Clark

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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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