Hartford Financial Management Inc. Increases Stock Holdings in Kimberly Clark Corp (NYSE:KMB)

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Hartford Financial Management Inc. increased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,395 shares of the company’s stock after buying an additional 148 shares during the quarter. Kimberly Clark accounts for about 1.2% of Hartford Financial Management Inc.’s portfolio, making the stock its 24th largest position. Hartford Financial Management Inc.’s holdings in Kimberly Clark were worth $4,045,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Kimberly Clark during the 2nd quarter worth $28,000. Proffitt & Goodson Inc. purchased a new stake in Kimberly Clark during the 2nd quarter valued at about $39,000. Blue Square Asset Management LLC purchased a new stake in Kimberly Clark during the 2nd quarter valued at about $46,000. Perennial Advisors LLC purchased a new stake in Kimberly Clark during the 1st quarter valued at about $38,000. Finally, Rockbridge Investment Management LCC purchased a new stake in Kimberly Clark during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 71.39% of the company’s stock.

In related news, insider Kimberly K. Underhill sold 11,715 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $148.00, for a total value of $1,733,820.00. Following the completion of the transaction, the insider now owns 44,773 shares of the company’s stock, valued at approximately $6,626,404. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aaron Powell sold 8,663 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $151.38, for a total value of $1,311,404.94. Following the completion of the transaction, the insider now directly owns 8,707 shares of the company’s stock, valued at approximately $1,318,065.66. The disclosure for this sale can be found here. Corporate insiders own 0.72% of the company’s stock.

KMB has been the topic of several research analyst reports. Jefferies Financial Group boosted their price target on Kimberly Clark from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank initiated coverage on Kimberly Clark in a research note on Friday. They set a “buy” rating and a $181.00 price target on the stock. JPMorgan Chase & Co. downgraded Kimberly Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price target on the stock. in a research note on Friday. They noted that the move was a valuation call. TheStreet upgraded Kimberly Clark from a “c+” rating to an “a-” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley boosted their price target on Kimberly Clark from $146.00 to $160.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $157.88.

Shares of KMB stock traded down $0.99 on Friday, hitting $153.33. The company had a trading volume of 1,357,368 shares, compared to its average volume of 1,806,693. The firm has a market cap of $52.29 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.63 and a beta of 0.50. The company has a 50-day moving average price of $150.09 and a 200-day moving average price of $144.39. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 14.59. Kimberly Clark Corp has a twelve month low of $110.66 and a twelve month high of $160.16.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.40. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Kimberly Clark had a return on equity of 1,319.56% and a net margin of 13.58%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. Equities research analysts expect that Kimberly Clark Corp will post 7.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 4th were issued a $1.07 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 2.79%. Kimberly Clark’s payout ratio is 62.12%.

Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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

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