Everett Harris & Co. CA reduced its stake in Kimberly Clark Corp (NYSE:KMB) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,681 shares of the company’s stock after selling 2,290 shares during the period. Everett Harris & Co. CA’s holdings in Kimberly Clark were worth $1,555,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Capital Management Inc. grew its holdings in shares of Kimberly Clark by 800.0% during the third quarter. Exchange Capital Management Inc. now owns 900 shares of the company’s stock worth $102,000 after purchasing an additional 800 shares during the last quarter. Braun Bostich & Associates Inc. grew its holdings in shares of Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after purchasing an additional 956 shares during the last quarter. Arlington Partners LLC purchased a new position in shares of Kimberly Clark during the third quarter worth about $114,000. Fort L.P. purchased a new position in shares of Kimberly Clark during the second quarter worth about $125,000. Finally, Bridgeworth LLC purchased a new position in shares of Kimberly Clark during the second quarter worth about $135,000. Institutional investors and hedge funds own 71.99% of the company’s stock.
NYSE KMB opened at $115.76 on Wednesday. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.50. The stock has a market cap of $39.31 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.75 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last released its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the company posted $1.60 earnings per share. The business’s revenue was down 1.8% on a year-over-year basis. Analysts predict that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Friday, December 7th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Thursday, December 6th. Kimberly Clark’s dividend payout ratio is currently 64.21%.
KMB has been the topic of several research reports. Deutsche Bank raised their price objective on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Societe Generale lowered Kimberly Clark from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $124.00 to $116.00 in a report on Wednesday, August 15th. Barclays set a $104.00 price objective on Kimberly Clark and gave the stock a “hold” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $100.00 price objective on shares of Kimberly Clark in a report on Monday, October 22nd. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $105.64.
In related news, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total value of $1,559,975.00. Following the completion of the sale, the vice president now owns 6,432 shares in the company, valued at $739,680. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $111.18, for a total transaction of $111,180.00. Following the completion of the sale, the senior vice president now owns 4,132 shares of the company’s stock, valued at approximately $459,395.76. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
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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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