Trust Co. of Vermont lowered its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 13,850 shares of the company’s stock after selling 174 shares during the quarter. Trust Co. of Vermont’s holdings in Kimberly Clark were worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Thoroughbred Financial Services LLC raised its holdings in Kimberly Clark by 1.1% during the 1st quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock worth $995,000 after purchasing an additional 84 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in Kimberly Clark by 4.3% during the 1st quarter. Coldstream Capital Management Inc. now owns 2,061 shares of the company’s stock worth $255,000 after purchasing an additional 85 shares during the last quarter. Winslow Evans & Crocker Inc. raised its holdings in Kimberly Clark by 5.8% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock worth $194,000 after purchasing an additional 86 shares during the last quarter. Cornerstone Advisors Inc. grew its position in shares of Kimberly Clark by 8.7% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,109 shares of the company’s stock worth $148,000 after buying an additional 89 shares during the period. Finally, Dowling & Yahnke LLC grew its position in shares of Kimberly Clark by 0.4% during the 1st quarter. Dowling & Yahnke LLC now owns 22,185 shares of the company’s stock worth $2,749,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 71.52% of the company’s stock.
Shares of KMB traded up $0.93 on Wednesday, hitting $135.45. The company’s stock had a trading volume of 399,216 shares, compared to its average volume of 1,656,923. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. The business has a fifty day moving average of $136.37. Kimberly Clark Corp has a fifty-two week low of $100.32 and a fifty-two week high of $140.62. The stock has a market capitalization of $46.56 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 3.64 and a beta of 0.56.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The business had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same period in the previous year, the firm earned $1.59 EPS. Kimberly Clark’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts expect that Kimberly Clark Corp will post 6.8 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.04%. Kimberly Clark’s dividend payout ratio is presently 62.33%.
In related news, insider Aaron Powell sold 6,986 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $127.02, for a total value of $887,361.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas J. Falk sold 58,218 shares of the business’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 value of $7,436,185.14. The disclosure for this sale can be found here. Insiders sold a total of 123,089 shares of company stock valued at $15,864,805 over the last quarter. 0.85% of the stock is owned by insiders.
Several research firms have recently issued reports on KMB. Bank of America restated a “neutral” rating and set a $143.00 target price (up from $135.00) on shares of Kimberly Clark in a research report on Wednesday, June 19th. JPMorgan Chase & Co. boosted their target price on Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup boosted their target price on Kimberly Clark from $102.00 to $116.00 and gave the stock a “sell” rating in a research report on Tuesday, April 23rd. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research report on Thursday, April 25th. Finally, Morgan Stanley boosted their target price on Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Two investment 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. The company currently has an average rating of “Hold” and an average target price of $128.81.
Kimberly Clark Company 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.
Further Reading: Outstanding Shares and The Effect on Share Price
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