Nicholas Hoffman & Company LLC. Reduces Position in Kimberly-Clark (KMB)

Nicholas Hoffman & Company LLC. lessened its stake in Kimberly-Clark (NYSE:KMB) by 10.1% in the 1st quarter, Holdings Channel reports. The firm owned 13,110 shares of the company’s stock after selling 1,478 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Kimberly-Clark were worth $1,444,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KMB. Synovus Financial Corp grew its stake in shares of Kimberly-Clark by 4.3% in the fourth quarter. Synovus Financial Corp now owns 116,561 shares of the company’s stock worth $14,044,000 after acquiring an additional 4,848 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in shares of Kimberly-Clark by 2.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 213,010 shares of the company’s stock worth $25,702,000 after acquiring an additional 5,950 shares in the last quarter. Accident Compensation Corp grew its stake in shares of Kimberly-Clark by 42.6% in the third quarter. Accident Compensation Corp now owns 18,254 shares of the company’s stock worth $2,148,000 after acquiring an additional 5,454 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of Kimberly-Clark by 3.1% in the third quarter. First Republic Investment Management Inc. now owns 56,057 shares of the company’s stock worth $6,597,000 after acquiring an additional 1,660 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its stake in shares of Kimberly-Clark by 12.1% in the fourth quarter. Pittenger & Anderson Inc. now owns 16,040 shares of the company’s stock worth $1,935,000 after acquiring an additional 1,735 shares in the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.

Several research firms have commented on KMB. Barclays set a $119.00 price target on shares of Kimberly-Clark and gave the stock a “hold” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Wednesday, April 11th. ValuEngine downgraded shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a research note on Monday, April 23rd. Royal Bank of Canada restated an “in-line” rating on shares of Kimberly-Clark in a research note on Tuesday, April 24th. Finally, TheStreet downgraded shares of Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Monday, April 23rd. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $119.33.



Kimberly-Clark opened at $104.90 on Monday, MarketBeat Ratings reports. The firm has a market cap of $36.64 billion, a PE ratio of 16.84, a PEG ratio of 2.12 and a beta of 0.66. Kimberly-Clark has a 12-month low of $97.10 and a 12-month high of $134.29. The company has a debt-to-equity ratio of 10.96, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.71. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 EPS. sell-side analysts forecast that Kimberly-Clark will post 6.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Stockholders of record on Friday, June 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 annualized dividend and a dividend yield of 3.81%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 64.21%.

Kimberly-Clark Company 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.

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 (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.

Leave a Reply