Meyer Handelman Co. Has $59.09 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Meyer Handelman Co. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 1.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 437,244 shares of the company’s stock after selling 4,916 shares during the period. Kimberly-Clark makes up approximately 2.5% of Meyer Handelman Co.’s holdings, making the stock its 6th largest position. Meyer Handelman Co. owned 0.13% of Kimberly-Clark worth $59,094,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. grew its position in Kimberly-Clark by 5.7% during the 1st quarter. BlackRock Inc. now owns 27,386,495 shares of the company’s stock worth $3,372,921,000 after acquiring an additional 1,481,780 shares during the last quarter. State Street Corp raised its stake in shares of Kimberly-Clark by 1.1% in the 1st quarter. State Street Corp now owns 18,052,213 shares of the company’s stock valued at $2,243,722,000 after purchasing an additional 194,143 shares during the period. Capital Research Global Investors grew its holdings in shares of Kimberly-Clark by 9.5% in the 1st quarter. Capital Research Global Investors now owns 12,228,266 shares of the company’s stock valued at $1,506,033,000 after acquiring an additional 1,056,127 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 7.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,445,588 shares of the company’s stock valued at $670,678,000 after acquiring an additional 397,337 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Kimberly-Clark by 20.3% in the 1st quarter. Invesco Ltd. now owns 4,422,864 shares of the company’s stock valued at $544,719,000 after acquiring an additional 746,907 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMB. Bank of America began coverage on Kimberly-Clark in a report on Wednesday, September 14th. They set a “neutral” rating for the company. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Friday, July 22nd. Finally, UBS Group boosted their price objective on Kimberly-Clark from $136.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $131.15.

Kimberly-Clark Price Performance

KMB traded down $0.60 during trading on Friday, hitting $120.11. 20,390 shares of the stock traded hands, compared to its average volume of 1,361,551. 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 $40.55 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 4.17 and a beta of 0.31. 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 business has a 50 day moving average price of $130.55 and a 200 day moving average price of $130.14.

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

Kimberly-Clark Dividend Announcement

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 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 dividend yield of 3.86%. Kimberly-Clark’s payout ratio is presently 87.71%.

Kimberly-Clark 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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