Adell Harriman & Carpenter Inc. Sells 1,000 Shares of Kimberly-Clark Corporation (KMB)

Adell Harriman & Carpenter Inc. cut its holdings in Kimberly-Clark Corporation (NYSE:KMB) by 31.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,221 shares of the company’s stock after selling 1,000 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Kimberly-Clark Corporation were worth $287,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KMB. State Street Corp boosted its holdings in Kimberly-Clark Corporation by 1.3% during the first quarter. State Street Corp now owns 17,653,917 shares of the company’s stock valued at $2,323,785,000 after acquiring an additional 225,993 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kimberly-Clark Corporation by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 4,300,342 shares of the company’s stock valued at $566,053,000 after acquiring an additional 207,316 shares during the period. FMR LLC boosted its holdings in Kimberly-Clark Corporation by 23.4% during the first quarter. FMR LLC now owns 2,589,395 shares of the company’s stock valued at $340,841,000 after acquiring an additional 491,121 shares during the period. APG Asset Management N.V. boosted its holdings in Kimberly-Clark Corporation by 85.3% during the second quarter. APG Asset Management N.V. now owns 2,018,144 shares of the company’s stock valued at $260,563,000 after acquiring an additional 929,300 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Kimberly-Clark Corporation by 3.7% during the first quarter. Legal & General Group Plc now owns 1,918,510 shares of the company’s stock valued at $252,551,000 after acquiring an additional 68,776 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

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In related news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, with a total value of $183,315.00. Following the acquisition, the director now owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation (NYSE:KMB) opened at 113.44 on Friday. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 18.94 and a beta of 0.76. Kimberly-Clark Corporation has a 12 month low of $110.33 and a 12 month high of $136.21. The stock’s 50 day moving average is $118.38 and its 200-day moving average is $125.07.

Kimberly-Clark Corporation (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.49 EPS for the quarter, hitting the consensus estimate of $1.49. The business had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. Kimberly-Clark Corporation’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is 64.88%.

KMB has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Kimberly-Clark Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. BidaskClub cut shares of Kimberly-Clark Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. Macquarie initiated coverage on shares of Kimberly-Clark Corporation in a report on Friday, September 15th. They set a “neutral” rating and a $121.00 price target for the company. Finally, Jefferies Group LLC restated a “hold” rating and set a $119.00 price target on shares of Kimberly-Clark Corporation in a report on Thursday, September 7th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $128.46.

About Kimberly-Clark Corporation

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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