Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 28.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,069 shares of the company’s stock after purchasing an additional 458 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Kimberly-Clark were worth $288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Rise Advisors LLC boosted its position in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth $27,000. New Millennium Group LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the second quarter valued at $32,000. Finally, Fortitude Family Office LLC lifted its holdings in Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the company from $115.00 to $160.00 in a report on Thursday, June 13th. TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Down 0.4 %

Shares of NYSE:KMB opened at $141.10 on Thursday. The company has a market capitalization of $47.51 billion, a P/E ratio of 25.94, a P/E/G ratio of 3.04 and a beta of 0.39. The stock’s fifty day simple moving average is $142.33 and its 200-day simple moving average is $135.86. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.46%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insiders Place Their Bets

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.