Bradley Foster & Sargent Inc. CT Has $3.06 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Bradley Foster & Sargent Inc. CT decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,129 shares of the company’s stock after selling 1,146 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Kimberly-Clark were worth $3,058,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Kimberly-Clark by 19.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the period. Capital World Investors grew its position in shares of Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after buying an additional 342,790 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock worth $267,383,000 after buying an additional 354,501 shares during the period. Nordea Investment Management AB grew its position in shares of Kimberly-Clark by 2.9% during the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after buying an additional 48,103 shares during the period. Finally, ProShare Advisors LLC grew its position in Kimberly-Clark by 9.8% in the 1st quarter. ProShare Advisors LLC now owns 1,487,835 shares of the company’s stock valued at $192,451,000 after purchasing an additional 132,576 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.4 %

Shares of Kimberly-Clark stock opened at $141.10 on Thursday. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30. The stock’s 50-day simple moving average is $142.33 and its 200 day simple moving average is $135.86. The stock 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 company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the business posted $1.65 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on KMB shares. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Barclays reduced their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $145.67.

Insider Activity at Kimberly-Clark

In related news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated 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 transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

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.