Folger Nolan Fleming Douglas Capital Management Inc. Sells 208 Shares of Kimberly-Clark Co. (NYSE:KMB)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,636 shares of the company’s stock after selling 208 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Kimberly-Clark were worth $2,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Affirmative Financial Network raised its holdings in Kimberly-Clark by 18.1% in the 1st quarter. First Affirmative Financial Network now owns 2,220 shares of the company’s stock worth $273,000 after acquiring an additional 340 shares during the period. State Street Corp raised its holdings in Kimberly-Clark by 1.1% in the 1st quarter. State Street Corp now owns 18,052,213 shares of the company’s stock worth $2,243,722,000 after acquiring an additional 194,143 shares during the period. Norges Bank bought a new position in Kimberly-Clark in the 4th quarter worth $473,552,000. Van ECK Associates Corp bought a new position in Kimberly-Clark in the 1st quarter worth $559,000. Finally, Integrated Advisors Network LLC raised its holdings in Kimberly-Clark by 25.4% in the 1st quarter. Integrated Advisors Network LLC now owns 1,857 shares of the company’s stock worth $229,000 after acquiring an additional 376 shares during the period. Institutional investors own 74.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KMB. UBS Group lifted their target price on shares of Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Friday, July 22nd. Finally, Bank of America began coverage on shares of Kimberly-Clark in a research report on Wednesday, September 14th. They issued a “neutral” rating on the stock. Two equities 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $131.15.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock traded down $1.43 during trading on Friday, hitting $119.28. 42,739 shares of the company’s stock traded hands, compared to its average volume of 1,361,551. The company has a debt-to-equity ratio of 10.37, a current ratio of 0.79 and a quick ratio of 0.47. The firm’s fifty day moving average price is $130.55 and its 200 day moving average price is $130.14. 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 $40.27 billion, a PE ratio of 22.74, a PEG ratio of 4.17 and a beta of 0.31.

Kimberly-Clark (NYSE:KMBGet Rating) last issued 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). Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm posted $1.47 earnings per share. Kimberly-Clark’s revenue was up 7.2% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 5.64 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Friday, September 9th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, September 8th. Kimberly-Clark’s dividend payout ratio is presently 87.71%.

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.

Further Reading

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

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