Kimberly Clark Corp (KMB) Holdings Cut by Grimes & Company Inc.

Grimes & Company Inc. decreased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 91,943 shares of the company’s stock after selling 558 shares during the period. Kimberly Clark makes up approximately 1.0% of Grimes & Company Inc.’s investment portfolio, making the stock its 18th largest holding. Grimes & Company Inc.’s holdings in Kimberly Clark were worth $10,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wetherby Asset Management Inc. lifted its stake in Kimberly Clark by 1.1% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,108 shares of the company’s stock valued at $1,037,000 after buying an additional 95 shares in the last quarter. First Personal Financial Services lifted its stake in Kimberly Clark by 11.8% in the 4th quarter. First Personal Financial Services now owns 926 shares of the company’s stock valued at $106,000 after buying an additional 98 shares in the last quarter. Stonebridge Capital Management Inc. lifted its stake in Kimberly Clark by 1.0% in the 4th quarter. Stonebridge Capital Management Inc. now owns 9,800 shares of the company’s stock valued at $1,117,000 after buying an additional 100 shares in the last quarter. Stillwater Investment Management LLC lifted its stake in Kimberly Clark by 0.8% in the 4th quarter. Stillwater Investment Management LLC now owns 15,358 shares of the company’s stock valued at $1,750,000 after buying an additional 129 shares in the last quarter. Finally, First Interstate Bank lifted its stake in Kimberly Clark by 15.0% in the 4th quarter. First Interstate Bank now owns 1,231 shares of the company’s stock valued at $141,000 after buying an additional 161 shares in the last quarter. Institutional investors own 73.58% of the company’s stock.

In related news, SVP Jeffrey P. Melucci sold 1,000 shares of the stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total value of $111,180.00. Following the completion of the sale, the senior vice president now directly owns 4,132 shares in the company, valued at approximately $459,395.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael T. Azbell sold 13,565 shares of the stock in a transaction on 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 of the company’s stock, valued at $739,680. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on KMB. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Morgan Stanley set a $107.00 target price on Kimberly Clark and gave the company a “sell” rating in a research note on Thursday, December 20th. JPMorgan Chase & Co. raised Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 target price on the stock in a research note on Friday, January 18th. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Finally, Wells Fargo & Co reaffirmed a “hold” rating and issued a $105.00 target price on shares of Kimberly Clark in a research note on Wednesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Kimberly Clark presently has a consensus rating of “Hold” and an average target price of $110.00.

KMB stock opened at $115.69 on Monday. The firm has a market cap of $39.85 billion, a PE ratio of 17.50, a PEG ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.77 and a quick ratio of 0.49. Kimberly Clark Corp has a 52 week low of $97.10 and a 52 week high of $120.48.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Wednesday, January 23rd. The company reported $1.60 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.08). The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.47 billion. Kimberly Clark had a return on equity of 1,156.45% and a net margin of 7.63%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 earnings per share. On average, analysts forecast that Kimberly Clark Corp will post 6.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a $1.03 dividend. This is an increase from Kimberly Clark’s previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, March 7th. Kimberly Clark’s dividend payout ratio is currently 60.51%.

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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.

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Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

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