Kayne Anderson Rudnick Investment Management LLC decreased its position in Kimberly-Clark Corp. (NYSE:KMB) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 98,634 shares of the company’s stock after selling 1,180 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Kimberly-Clark Corp. were worth $13,560,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Needelman Asset Management Inc. boosted its stake in Kimberly-Clark Corp. by 3.3% in the first quarter. Needelman Asset Management Inc. now owns 7,738 shares of the company’s stock valued at $1,041,000 after buying an additional 245 shares during the last quarter. DnB Asset Management AS boosted its stake in Kimberly-Clark Corp. by 50.1% in the first quarter. DnB Asset Management AS now owns 30,557 shares of the company’s stock valued at $4,110,000 after buying an additional 10,200 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in Kimberly-Clark Corp. during the first quarter valued at $8,133,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Kimberly-Clark Corp. by 14.0% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 81,074 shares of the company’s stock valued at $10,905,000 after buying an additional 9,955 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in Kimberly-Clark Corp. by 8.0% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 87,870 shares of the company’s stock valued at $11,819,000 after buying an additional 6,508 shares during the last quarter. 68.37% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Corp. (NYSE:KMB) traded down 0.0323% during trading on Wednesday, reaching $123.4301. The company had a trading volume of 514,109 shares. The company has a market capitalization of $44.39 billion, a PE ratio of 22.8871 and a beta of 0.35. The firm’s 50 day moving average is $127.18 and its 200 day moving average is $130.86. Kimberly-Clark Corp. has a one year low of $106.66 and a one year high of $138.87.

Kimberly-Clark Corp. (NYSE:KMB) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.05. Kimberly-Clark Corp. had a return on equity of 815.72% and a net margin of 10.70%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The business’s revenue was down 1.2% on a year-over-year basis. On average, equities research analysts predict that Kimberly-Clark Corp. will post $6.08 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be given a $0.92 dividend. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $3.68 annualized dividend and a dividend yield of 2.98%. Kimberly-Clark Corp.’s payout ratio is 68.40%.

Several research firms have weighed in on KMB. Zacks Investment Research cut Kimberly-Clark Corp. from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a $156.00 price objective (up from $152.00) on shares of Kimberly-Clark Corp. in a research report on Friday, July 15th. Deutsche Bank AG reiterated a “hold” rating and set a $132.00 price objective (up from $130.00) on shares of Kimberly-Clark Corp. in a research report on Sunday, July 24th. B. Riley reiterated a “neutral” rating and set a $124.00 price objective on shares of Kimberly-Clark Corp. in a research report on Tuesday, July 26th. Finally, Citigroup Inc. increased their price objective on Kimberly-Clark Corp. from $135.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $136.63.

In related news, Chairman Thomas J. Falk sold 206,445 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $133.40, for a total value of $27,539,763.00. Following the sale, the chairman now directly owns 125,574 shares in the company, valued at $16,751,571.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lizanne C. Gottung sold 6,204 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $132.17, for a total value of $819,982.68. Following the completion of the sale, the senior vice president now owns 11,797 shares in the company, valued at $1,559,209.49. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

About Kimberly-Clark Corp.

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. 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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