OppenheimerFunds Inc. Boosts Stake in Kimberly Clark Corp (KMB)

OppenheimerFunds Inc. lifted its holdings in Kimberly Clark Corp (NYSE:KMB) by 39.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 21,450 shares of the company’s stock after purchasing an additional 6,102 shares during the period. OppenheimerFunds Inc.’s holdings in Kimberly Clark were worth $2,260,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Braun Bostich & Associates Inc. raised its stake in Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after purchasing an additional 956 shares during the period. Gables Capital Management Inc. purchased a new position in Kimberly Clark during the first quarter worth about $115,000. Stelac Advisory Services LLC purchased a new position in Kimberly Clark during the first quarter worth about $152,000. Shamrock Asset Management LLC raised its stake in Kimberly Clark by 44.1% during the first quarter. Shamrock Asset Management LLC now owns 1,598 shares of the company’s stock worth $167,000 after purchasing an additional 489 shares during the period. Finally, Stevens First Principles Investment Advisors purchased a new position in Kimberly Clark during the second quarter worth about $169,000. 73.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KMB opened at $116.72 on Monday. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $123.77. The stock has a market cap of $40.58 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 2.64 and a beta of 0.69. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the business earned $1.49 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. equities research analysts predict that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Investors of record on Friday, September 7th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.21%.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Atlantic Securities started coverage on shares of Kimberly Clark in a research report on Thursday. They set an “underweight” rating and a $114.00 price target for the company. ValuEngine upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Societe Generale cut shares of Kimberly Clark from a “buy” rating to a “hold” rating and dropped their price target for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $96.00 price target on shares of Kimberly Clark in a research report on Friday, July 13th. Four investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $107.07.

In related news, insider Aaron Powell sold 1,100 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the transaction, the insider now owns 1,117 shares in the company, valued at $118,357.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the transaction, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

About Kimberly Clark

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.

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

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