Carlton Hofferkamp & Jenks Wealth Management LLC decreased its position in Kimberly Clark Corp (NYSE:KMB) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,960 shares of the company’s stock after selling 575 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly Clark were worth $546,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC increased its position in shares of Kimberly Clark by 13.6% during the third quarter. Truvestments Capital LLC now owns 11,426 shares of the company’s stock valued at $1,623,000 after buying an additional 1,369 shares during the period. Cypress Capital Group lifted its position in Kimberly Clark by 3.3% during the third quarter. Cypress Capital Group now owns 11,050 shares of the company’s stock valued at $1,570,000 after purchasing an additional 352 shares during the last quarter. Pacer Advisors Inc. lifted its position in Kimberly Clark by 14.0% during the third quarter. Pacer Advisors Inc. now owns 40,730 shares of the company’s stock valued at $5,786,000 after purchasing an additional 5,011 shares during the last quarter. We Are One Seven LLC lifted its position in Kimberly Clark by 2.2% during the third quarter. We Are One Seven LLC now owns 8,318 shares of the company’s stock valued at $1,182,000 after purchasing an additional 178 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Kimberly Clark by 4.1% in the 3rd quarter. CHICAGO TRUST Co NA now owns 3,786 shares of the company’s stock worth $538,000 after acquiring an additional 150 shares during the last quarter. 71.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly Clark stock traded up $0.20 on Friday, reaching $138.09. The stock had a trading volume of 56,566 shares, compared to its average volume of 1,744,401. The company has a 50 day moving average price of $138.33 and a 200 day moving average price of $133.23. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.50. The stock has a market capitalization of $47.45 billion, a P/E ratio of 20.91, a P/E/G ratio of 3.75 and a beta of 0.55.
Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. Kimberly Clark’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $1.59 EPS. On average, analysts forecast that Kimberly Clark Corp will post 6.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
In other Kimberly Clark news, insider Achal Agarwal sold 8,947 shares of Kimberly Clark stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $139.50, for a total transaction of $1,248,106.50. Following the completion of the sale, the insider now directly owns 57,103 shares in the company, valued at approximately $7,965,868.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of Kimberly Clark stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the sale, the senior vice president now owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders sold a total of 44,584 shares of company stock valued at $6,242,483 over the last quarter. 0.85% of the stock is owned by company insiders.
Several equities research analysts have recently issued reports on KMB shares. Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Friday, September 27th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $130.00 price target on shares of Kimberly Clark in a research note on Tuesday, July 23rd. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research note on Wednesday, July 24th. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays raised shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $144.00 to $152.00 in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $136.77.
About Kimberly Clark
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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