Symmetry Partners LLC Has $361,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Symmetry Partners LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,609 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Symmetry Partners LLC’s holdings in Kimberly-Clark were worth $361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jamison Private Wealth Management Inc. raised its position in Kimberly-Clark by 4.4% in the second quarter. Jamison Private Wealth Management Inc. now owns 3,379 shares of the company’s stock worth $467,000 after purchasing an additional 142 shares in the last quarter. CX Institutional lifted its position in shares of Kimberly-Clark by 1.2% during the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after buying an additional 71 shares during the period. Trinity Financial Advisors LLC acquired a new stake in Kimberly-Clark in the 2nd quarter valued at $206,000. Csenge Advisory Group grew its position in Kimberly-Clark by 29.2% in the second quarter. Csenge Advisory Group now owns 3,013 shares of the company’s stock valued at $416,000 after acquiring an additional 681 shares during the period. Finally, Fortitude Family Office LLC raised its stake in Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.7 %

Shares of Kimberly-Clark stock traded down $0.93 on Friday, hitting $140.32. 1,485,200 shares of the company’s stock traded hands, compared to its average volume of 2,192,684. The firm’s 50-day moving average price is $139.25 and its two-hundred day moving average price is $131.26. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market capitalization of $47.25 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.62.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Citigroup raised their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. TD Cowen started coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.67.

About Kimberly-Clark

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