Kimberly-Clark Corporation $KMB Stock Sold by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its Kimberly-Clark position by 71.2% in the second quarter, selling 58,013 shares and retaining 23,471 shares worth approximately $2.6 million. Institutional investors collectively own 76.29% of KMB.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $117.36. Recent earnings missed estimates, as quarterly EPS came in at $1.80 versus the $2.01 consensus, while revenue rose 0.6% year over year to $4.19 billion.
• Kimberly-Clark declared a quarterly dividend of $1.28 per share, equivalent to $5.12 annually and a 5.2% yield; shares opened at $98.43, near the lower end of their 12-month range.

QRG Capital Management Inc. cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) by 71.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,471 shares of the company's stock after selling 58,013 shares during the quarter. QRG Capital Management Inc.'s holdings in Kimberly-Clark were worth $2,576,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its position in Kimberly-Clark by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,906 shares of the company's stock worth $1,417,000 after purchasing an additional 433 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Kimberly-Clark by 8.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 902,852 shares of the company's stock worth $99,106,000 after purchasing an additional 69,060 shares during the period. Security National Bank of Sioux City Iowa IA boosted its holdings in shares of Kimberly-Clark by 37.6% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 11,988 shares of the company's stock worth $1,316,000 after purchasing an additional 3,275 shares during the last quarter. Bullseye Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $1,371,000. Finally, Talon Private Wealth LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $234,000. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KMB. Freedom Capital upgraded Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. UBS Group upped their price objective on Kimberly-Clark from $115.00 to $116.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Bank of America reduced their price objective on Kimberly-Clark from $122.00 to $120.00 and set a "buy" rating for the company in a research report on Friday. Seaport Research Partners raised Kimberly-Clark to a "buy" rating in a report on Tuesday, August 4th. Finally, Weiss Ratings raised Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average price target of $117.36.

Kimberly-Clark Trading Up 1.2%

Shares of KMB opened at $98.43 on Friday. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $125.32. The company has a quick ratio of 0.69, a current ratio of 0.91 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 4.51 and a beta of 0.25. The stock's 50-day moving average price is $106.28 and its 200 day moving average price is $102.74.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.21). Kimberly-Clark had a return on equity of 143.92% and a net margin of 11.79%.The business had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.35 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark's dividend payout ratio (DPR) is presently 87.07%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a global manufacturer of personal care and consumer tissue products. The company develops and markets products designed to support personal hygiene, health and well-being in households, healthcare settings and workplaces.

Its portfolio includes well-known brands such as Huggies diapers and training pants, Kleenex facial tissues, Cottonelle toilet paper and wipes, Scott toilet paper and paper towels, Kotex feminine care products, and Depend and Poise incontinence care products.

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