Monetary Management Group Inc. Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Monetary Management Group Inc. trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the company’s stock after selling 250 shares during the quarter. Monetary Management Group Inc.’s holdings in Kimberly-Clark were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in KMB. Nuance Investments LLC grew its stake in Kimberly-Clark by 96.8% during the 2nd quarter. Nuance Investments LLC now owns 1,693,766 shares of the company’s stock worth $226,592,000 after buying an additional 833,202 shares during the last quarter. Cullen Capital Management LLC grew its stake in Kimberly-Clark by 249.7% during the 1st quarter. Cullen Capital Management LLC now owns 961,908 shares of the company’s stock valued at $133,753,000 after purchasing an additional 686,854 shares during the last quarter. Nordea Investment Management AB grew its stake in Kimberly-Clark by 57.4% during the 1st quarter. Nordea Investment Management AB now owns 1,736,478 shares of the company’s stock valued at $240,797,000 after purchasing an additional 633,402 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Kimberly-Clark by 33.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock valued at $345,051,000 after purchasing an additional 621,421 shares during the last quarter. Finally, Marathon Asset Management LLP grew its stake in Kimberly-Clark by 110.7% during the 2nd quarter. Marathon Asset Management LLP now owns 951,658 shares of the company’s stock valued at $127,826,000 after purchasing an additional 499,980 shares during the last quarter. Hedge funds and other institutional investors own 71.37% of the company’s stock.

In related news, insider Kimberly K. Underhill sold 19,018 shares of the stock in a transaction that occurred on Monday, July 26th. The stock was sold at an average price of $135.84, for a total value of $2,583,405.12. Following the completion of the transaction, the insider now directly owns 62,042 shares in the company, valued at $8,427,785.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Powell sold 29,534 shares of the stock in a transaction that occurred on Tuesday, August 17th. The stock was sold at an average price of $139.51, for a total value of $4,120,288.34. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

KMB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $137.00 to $139.00 and gave the company a “hold” rating in a research note on Friday, July 9th. Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 target price on the stock in a research note on Monday. Royal Bank of Canada lowered their target price on Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Monday, July 26th. HSBC assumed coverage on Kimberly-Clark in a report on Thursday, September 9th. They issued a “hold” rating and a $131.00 price target for the company. Finally, Jefferies Financial Group upped their price target on Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 19th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.67.

KMB stock opened at $132.43 on Tuesday. The company has a debt-to-equity ratio of 10.01, a current ratio of 0.77 and a quick ratio of 0.48. The business has a 50 day simple moving average of $136.34 and a 200-day simple moving average of $134.80. The firm has a market capitalization of $44.60 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 4.07 and a beta of 0.54. Kimberly-Clark Co. has a 1 year low of $128.02 and a 1 year high of $155.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.24). The company had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.77 billion. Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. Kimberly-Clark’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $2.20 earnings per share. On average, equities research analysts expect that Kimberly-Clark Co. will post 6.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be given a $1.14 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.56 annualized dividend and a yield of 3.44%. Kimberly-Clark’s payout ratio is 58.91%.

About Kimberly-Clark

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

Featured Article: How to Invest in an Index Fund

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.