ST Germain D J Co. Inc. trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 8.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,809 shares of the company’s stock after selling 535 shares during the period. ST Germain D J Co. Inc.’s holdings in Kimberly Clark were worth $774,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC raised its stake in Kimberly Clark by 1.1% in the first quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock worth $995,000 after buying an additional 84 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Kimberly Clark by 4.3% in the first quarter. Coldstream Capital Management Inc. now owns 2,061 shares of the company’s stock worth $255,000 after buying an additional 85 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake in Kimberly Clark by 5.8% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock worth $194,000 after buying an additional 86 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in Kimberly Clark by 8.7% in the second quarter. Cornerstone Advisors Inc. now owns 1,109 shares of the company’s stock worth $148,000 after buying an additional 89 shares in the last quarter. Finally, Dowling & Yahnke LLC raised its stake in Kimberly Clark by 0.4% in the first quarter. Dowling & Yahnke LLC now owns 22,185 shares of the company’s stock worth $2,749,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 71.45% of the company’s stock.
In other Kimberly Clark news, insider Thomas J. Falk sold 58,218 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $127.73, for a total transaction of $7,436,185.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Sandra Macquillan sold 5,385 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $126.15, for a total transaction of $679,317.75. Following the transaction, the senior vice president now directly owns 15,814 shares of the company’s stock, valued at approximately $1,994,936.10. The disclosure for this sale can be found here. Insiders have sold 123,089 shares of company stock valued at $15,864,805 in the last ninety days. Insiders own 0.85% of the company’s stock.
Shares of NYSE KMB traded up $0.63 on Friday, reaching $135.87. 1,407,842 shares of the company’s stock traded hands, compared to its average volume of 1,630,155. Kimberly Clark Corp has a 12 month low of $100.32 and a 12 month high of $140.62. The company has a 50 day moving average of $136.55. The stock has a market cap of $46.54 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.62 and a beta of 0.56. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 134.02.
Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts expect that Kimberly Clark Corp will post 6.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.03%. Kimberly Clark’s dividend payout ratio is 62.33%.
A number of equities analysts recently issued reports on the stock. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Morgan Stanley increased their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 24th. Citigroup increased their price target on shares of Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research note on Tuesday, April 23rd. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $130.00 price target on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Kimberly Clark has a consensus rating of “Hold” and a consensus target price of $128.81.
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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