Kimberly-Clark Corporation (KMB) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its holdings in shares of Kimberly-Clark Corporation (NYSE:KMB) by 1.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 473,176 shares of the company’s stock after selling 8,354 shares during the period. ProShare Advisors LLC owned approximately 0.13% of Kimberly-Clark Corporation worth $61,092,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Mosaic Family Wealth LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock worth $144,000 after purchasing an additional 6 shares in the last quarter. Investment Partners Ltd. OH ADV lifted its holdings in shares of Kimberly-Clark Corporation by 0.3% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 2,852 shares of the company’s stock worth $368,000 after purchasing an additional 8 shares in the last quarter. Winch Advisory Services LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.6% in the 2nd quarter. Winch Advisory Services LLC now owns 1,404 shares of the company’s stock worth $181,000 after purchasing an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Kimberly-Clark Corporation by 0.6% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 2,480 shares of the company’s stock worth $320,000 after purchasing an additional 14 shares in the last quarter. Finally, Stratford Consulting LLC lifted its holdings in shares of Kimberly-Clark Corporation by 0.7% in the 2nd quarter. Stratford Consulting LLC now owns 2,034 shares of the company’s stock worth $263,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 70.40% of the company’s stock.

KMB has been the topic of a number of recent research reports. Berenberg Bank reiterated a “hold” rating on shares of Kimberly-Clark Corporation in a report on Thursday, July 27th. Jefferies Group LLC reiterated a “hold” rating and issued a $119.00 target price on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Zacks Investment Research upgraded Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Citigroup Inc. reissued a “neutral” rating and issued a $131.00 price target (down from $132.00) on shares of Kimberly-Clark Corporation in a research report on Friday, August 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $121.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $127.14.

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Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at $114.32 on Friday. Kimberly-Clark Corporation has a 12-month low of $109.67 and a 12-month high of $136.21. The stock has a market capitalization of $40,212.86, a price-to-earnings ratio of 18.71, a PEG ratio of 2.97 and a beta of 0.74. The company has a debt-to-equity ratio of 14.17, a quick ratio of 0.64 and a current ratio of 0.97.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 8th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, December 7th. Kimberly-Clark Corporation’s dividend payout ratio is presently 64.03%.

About Kimberly-Clark Corporation

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.

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

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