BerganKDV Wealth Management LLC continued to hold its position in shares of Kimberly-Clark Corporation (NYSE:KMB) during the first quarter, Holdings Channel reports. The firm owned 7,269 shares of the company’s stock at the end of the first quarter. BerganKDV Wealth Management LLC’s holdings in Kimberly-Clark Corporation were worth $830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Buckingham Asset Management LLC increased its stake in shares of Kimberly-Clark Corporation by 49.4% in the first quarter. Buckingham Asset Management LLC now owns 3,651 shares of the company’s stock worth $481,000 after buying an additional 1,207 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Kimberly-Clark Corporation by 18.5% in the first quarter. Mutual of America Capital Management LLC now owns 49,574 shares of the company’s stock worth $6,525,000 after buying an additional 7,735 shares during the last quarter. Holderness Investments Co. increased its stake in shares of Kimberly-Clark Corporation by 49.7% in the first quarter. Holderness Investments Co. now owns 6,273 shares of the company’s stock worth $826,000 after buying an additional 2,083 shares during the last quarter. Blue Chip Partners Inc. increased its stake in shares of Kimberly-Clark Corporation by 17.1% in the first quarter. Blue Chip Partners Inc. now owns 8,827 shares of the company’s stock worth $1,162,000 after buying an additional 1,290 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Kimberly-Clark Corporation by 9.1% in the first quarter. CIBC World Markets Inc. now owns 29,025 shares of the company’s stock worth $3,821,000 after buying an additional 2,428 shares during the last quarter. 70.03% of the stock is owned by institutional investors and hedge funds.

Shares of Kimberly-Clark Corporation (KMB) opened at 124.69 on Tuesday. The stock has a 50 day moving average price of $129.69 and a 200 day moving average price of $126.77. Kimberly-Clark Corporation has a 52 week low of $111.30 and a 52 week high of $136.67. The firm has a market capitalization of $44.26 billion, a P/E ratio of 20.58 and a beta of 0.78.

Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. Kimberly-Clark Corporation’s quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Kimberly-Clark Corporation will post $6.28 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Friday, June 9th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio is currently 64.13%.

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A number of analysts have weighed in on the company. UBS AG downgraded Kimberly-Clark Corporation from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $134.00 to $120.00 in a report on Wednesday, July 12th. BidaskClub downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 7th. Citigroup Inc. set a $134.00 price target on Kimberly-Clark Corporation and gave the stock a “sell” rating in a report on Friday, July 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $122.00 price target (down from $133.00) on shares of Kimberly-Clark Corporation in a report on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $133.36.

In related news, SVP Sandra Macquillan sold 5,081 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the transaction, the senior vice president now owns 5,364 shares in the company, valued at $696,354.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sergio Cruz sold 7,078 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the transaction, the insider now owns 4,910 shares in the company, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 in the last quarter. 0.56% of the stock is owned by corporate insiders.

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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