Citizens Financial Group Inc. RI Acquires Shares of 8,077 Kimberly-Clark Corporation $KMB

Citizens Financial Group Inc. RI acquired a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) during the second quarter, HoldingsChannel.com reports. The fund acquired 8,077 shares of the company’s stock, valued at approximately $896,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its position in Kimberly-Clark by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board grew its position in Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares in the last quarter. AdvisorNet Financial Inc raised its stake in shares of Kimberly-Clark by 18.3% during the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock valued at $64,000 after purchasing an additional 103 shares during the period. Core Wealth Partners LLC raised its stake in shares of Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock valued at $439,000 after purchasing an additional 112 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Kimberly-Clark by 0.6% during the first quarter. Assetmark Inc. now owns 20,216 shares of the company’s stock worth $1,950,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.2%

NASDAQ KMB opened at $107.72 on Wednesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $136.17. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.91 and a quick ratio of 0.69. The company has a market capitalization of $35.83 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 5.25 and a beta of 0.26. The company’s fifty day moving average price is $108.45 and its two-hundred day moving average price is $103.25.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.21). Kimberly-Clark had a net margin of 11.79% and a return on equity of 143.92%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same period in the prior year, the company posted $1.92 earnings per share. The business’s revenue was up .6% on a year-over-year basis. As a group, research analysts predict that Kimberly-Clark Corporation will post 7.43 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced 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. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, September 4th. Kimberly-Clark’s dividend payout ratio is 87.07%.

Analyst Ratings Changes

A number of research firms recently weighed in on KMB. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $100.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. TD Cowen upped their price objective on shares of Kimberly-Clark from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Barclays raised their target price on Kimberly-Clark from $101.00 to $115.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Freedom Capital raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Kimberly-Clark from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.