Piedmont Investment Advisors LLC trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,709 shares of the company’s stock after selling 534 shares during the period. Piedmont Investment Advisors LLC’s holdings in Kimberly Clark were worth $9,775,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dai Ichi Life Insurance Company Ltd grew its position in shares of Kimberly Clark by 13.0% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 80,412 shares of the company’s stock valued at $10,585,000 after purchasing an additional 9,261 shares in the last quarter. Blair William & Co. IL grew its position in shares of Kimberly Clark by 22.3% during the 1st quarter. Blair William & Co. IL now owns 126,525 shares of the company’s stock valued at $16,748,000 after purchasing an additional 23,104 shares in the last quarter. American International Group Inc. grew its position in shares of Kimberly Clark by 2.1% during the 1st quarter. American International Group Inc. now owns 167,974 shares of the company’s stock valued at $22,110,000 after purchasing an additional 3,425 shares in the last quarter. Noesis Capital Mangement Corp grew its position in shares of Kimberly Clark by 28.5% during the 1st quarter. Noesis Capital Mangement Corp now owns 3,490 shares of the company’s stock valued at $459,000 after purchasing an additional 773 shares in the last quarter. Finally, Kwmg LLC grew its position in Kimberly Clark by 47.1% in the first quarter. Kwmg LLC now owns 11,624 shares of the company’s stock worth $1,530,000 after acquiring an additional 3,721 shares in the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.

Kimberly Clark Corp (KMB) traded down $0.69 during trading on Thursday, reaching $122.16. 1,931,700 shares of the company’s stock traded hands, compared to its average volume of 1,817,005. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The company has a market capitalization of $43,213.39, a P/E ratio of 20.11, a PEG ratio of 3.19 and a beta of 0.76. Kimberly Clark Corp has a 1-year low of $109.67 and a 1-year high of $136.21.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.06. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. analysts predict that Kimberly Clark Corp will post 6.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly Clark’s dividend payout ratio is presently 64.03%.

Several brokerages recently issued reports on KMB. Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Bank of America cut their target price on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research report on Tuesday, October 24th. Wells Fargo & Company cut their target price on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating for the company in a research report on Tuesday, October 24th. Citigroup cut their target price on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Finally, Societe Generale upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.05 to $144.00 in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Kimberly Clark has an average rating of “Hold” and an average price target of $127.14.

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Kimberly Clark Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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