Westfield Capital Management Co. LP lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,047 shares of the company’s stock after selling 780 shares during the period. Westfield Capital Management Co. LP’s holdings in Kimberly Clark were worth $4,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Kimberly Clark by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 24,766,774 shares of the company’s stock worth $3,197,638,000 after acquiring an additional 537,794 shares in the last quarter. Capital Research Global Investors raised its position in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Kimberly Clark by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,666,819 shares of the company’s stock worth $731,643,000 after acquiring an additional 181,517 shares in the last quarter. Federated Investors Inc. PA raised its position in shares of Kimberly Clark by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 3,266,146 shares of the company’s stock worth $421,692,000 after acquiring an additional 55,108 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Kimberly Clark by 35.9% during the 3rd quarter. APG Asset Management N.V. now owns 2,741,944 shares of the company’s stock worth $322,672,000 after acquiring an additional 723,800 shares in the last quarter. 71.47% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $134.00 target price on the stock in a research report on Wednesday. Bank of America cut their price target on Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 24th. Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research report on Thursday, October 26th. Citigroup reaffirmed a “hold” rating and set a $125.00 price target (down previously from $131.00) on shares of Kimberly Clark in a research report on Tuesday, October 24th. Finally, Wells Fargo & Co cut their price target on Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and an average price target of $126.50.

Kimberly Clark Corp (KMB) opened at $114.96 on Thursday. Kimberly Clark Corp has a 12 month low of $109.67 and a 12 month high of $136.21. The firm has a market capitalization of $40,440.00, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 14.17.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.06. Kimberly Clark had a return on equity of 666.97% and a net margin of 11.89%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the business posted $1.52 EPS. The company’s revenue was up 1.0% on a year-over-year basis. equities research analysts predict that Kimberly Clark Corp will post 6.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th were paid a $0.97 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.38%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.03%.

TRADEMARK VIOLATION NOTICE: “Westfield Capital Management Co. LP Has $4.71 Million Holdings in Kimberly Clark Corp (KMB)” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.dailypolitical.com/2018/01/11/westfield-capital-management-co-lp-has-4-71-million-holdings-in-kimberly-clark-corp-kmb.html.

Kimberly Clark Profile

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.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.