Dearborn Partners LLC Lowers Holdings in Kimberly Clark Corp (NYSE:KMB)

Dearborn Partners LLC lowered its position in shares of Kimberly Clark Corp (NYSE:KMB) by 2.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 200,707 shares of the company’s stock after selling 5,439 shares during the quarter. Dearborn Partners LLC owned about 0.06% of Kimberly Clark worth $28,370,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Kimberly Clark by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 5,788,760 shares of the company’s stock worth $739,255,000 after purchasing an additional 22,460 shares during the period. Legal & General Group Plc grew its holdings in shares of Kimberly Clark by 3.2% during the 1st quarter. Legal & General Group Plc now owns 2,561,945 shares of the company’s stock worth $327,767,000 after purchasing an additional 79,597 shares during the period. AQR Capital Management LLC grew its holdings in shares of Kimberly Clark by 10.3% during the 1st quarter. AQR Capital Management LLC now owns 2,381,800 shares of the company’s stock worth $304,560,000 after purchasing an additional 221,466 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Kimberly Clark by 5.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,739,891 shares of the company’s stock worth $239,322,000 after purchasing an additional 94,139 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its holdings in shares of Kimberly Clark by 6.2% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 1,737,300 shares of the company’s stock worth $222,149,000 after purchasing an additional 101,120 shares during the period. Institutional investors and hedge funds own 71.05% of the company’s stock.

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their target price on Kimberly Clark from $146.00 to $160.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Jefferies Financial Group upped their price target on Kimberly Clark from $165.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays restated a “buy” rating and issued a $143.00 price target on shares of Kimberly Clark in a report on Tuesday, April 7th. Deutsche Bank upped their price target on Kimberly Clark from $143.00 to $145.00 and gave the stock a “hold” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their price target on Kimberly Clark from $151.00 to $158.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $150.10.

Shares of KMB traded up $0.08 during trading on Friday, reaching $152.04. The company’s stock had a trading volume of 1,907,467 shares, compared to its average volume of 1,459,616. The company has a fifty day moving average of $142.68 and a two-hundred day moving average of $139.32. Kimberly Clark Corp has a twelve month low of $110.66 and a twelve month high of $152.73. The company has a market cap of $51.78 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 3.63 and a beta of 0.49. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.40. Kimberly Clark had a return on equity of 1,319.56% and a net margin of 13.58%. The company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the company posted $1.67 EPS. Kimberly Clark’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that Kimberly Clark Corp will post 7.69 EPS for the current fiscal year.

In related news, insider Kimberly K. Underhill sold 11,715 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $148.00, for a total transaction of $1,733,820.00. Following the sale, the insider now directly owns 44,773 shares of the company’s stock, valued at approximately $6,626,404. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $139.00, for a total value of $650,381.00. Following the sale, the insider now directly owns 42,643 shares in the company, valued at $5,927,377. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

See Also: How to Invest in Stocks with Increasing Dividends

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.