Brown Advisory Inc. Sells 311 Shares of Kimberly-Clark Co. (NYSE:KMB)

Brown Advisory Inc. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 550,677 shares of the company’s stock after selling 311 shares during the quarter. Brown Advisory Inc. owned about 0.16% of Kimberly-Clark worth $78,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SeaBridge Investment Advisors LLC increased its position in shares of Kimberly-Clark by 20.5% during the first quarter. SeaBridge Investment Advisors LLC now owns 19,367 shares of the company’s stock valued at $2,385,000 after buying an additional 3,289 shares during the period. Mandatum Life Insurance Co Ltd grew its holdings in Kimberly-Clark by 0.6% in the first quarter. Mandatum Life Insurance Co Ltd now owns 25,159 shares of the company’s stock worth $3,099,000 after purchasing an additional 159 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Kimberly-Clark by 4.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 211,421 shares of the company’s stock worth $26,039,000 after purchasing an additional 9,113 shares during the period. Regal Investment Advisors LLC grew its holdings in Kimberly-Clark by 2.7% in the first quarter. Regal Investment Advisors LLC now owns 14,155 shares of the company’s stock worth $1,744,000 after purchasing an additional 373 shares during the period. Finally, Novare Capital Management LLC grew its holdings in Kimberly-Clark by 18.0% in the first quarter. Novare Capital Management LLC now owns 2,356 shares of the company’s stock worth $290,000 after purchasing an additional 360 shares during the period. Hedge funds and other institutional investors own 74.32% of the company’s stock.

Kimberly-Clark Stock Up 0.5 %

Shares of Kimberly-Clark stock opened at $133.38 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.79 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. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 25.21, a price-to-earnings-growth ratio of 4.71 and a beta of 0.31. The company’s 50 day moving average is $131.77 and its 200 day moving average is $131.22.

Kimberly-Clark (NYSE:KMBGet Rating) last released its quarterly 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). Kimberly-Clark had a return on equity of 249.60% and a net margin of 8.87%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Co. will post 5.64 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be given a $1.16 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $4.64 annualized dividend and a yield of 3.48%. Kimberly-Clark’s payout ratio is presently 87.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Kimberly-Clark from $133.00 to $137.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $130.00 to $138.00 in a report on Monday, April 25th. Barclays cut their price target on shares of Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $128.00 to $135.00 and gave the company an “equal weight” rating in a report on Monday, April 25th. Finally, StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $131.14.

Insiders Place Their Bets

In other news, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $140.08, for a total value of $5,841,055.84. Following the completion of the sale, the chief executive officer now directly owns 89,593 shares of the company’s stock, valued at $12,550,187.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Kimberly-Clark Company Profile

(Get Rating)

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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