OmniStar Financial Group Inc. Lowers Stock Holdings in Kimberly Clark Corp (NYSE:KMB)

OmniStar Financial Group Inc. cut its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,500 shares of the company’s stock after selling 812 shares during the quarter. Kimberly Clark accounts for 1.9% of OmniStar Financial Group Inc.’s portfolio, making the stock its 12th biggest holding. OmniStar Financial Group Inc.’s holdings in Kimberly Clark were worth $2,066,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of KMB. Federated Investors Inc. PA boosted its position in Kimberly Clark by 13.5% during the first quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares in the last quarter. Geode Capital Management LLC boosted its position in Kimberly Clark by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock worth $470,390,000 after purchasing an additional 308,810 shares in the last quarter. American Century Companies Inc. boosted its position in Kimberly Clark by 119.3% during the first quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock worth $306,253,000 after purchasing an additional 1,344,424 shares in the last quarter. Victory Capital Management Inc. boosted its position in Kimberly Clark by 33.0% during the first quarter. Victory Capital Management Inc. now owns 1,901,054 shares of the company’s stock worth $235,541,000 after purchasing an additional 472,005 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Kimberly Clark by 17.9% during the first quarter. California Public Employees Retirement System now owns 1,864,447 shares of the company’s stock worth $231,005,000 after purchasing an additional 282,643 shares in the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.

A number of analysts have commented on the company. 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. Wells Fargo & Co reiterated a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Bank of America reiterated 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $128.81.

In related news, insider Aaron Powell sold 3,964 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the transaction, the insider now directly owns 5,780 shares in the company, valued at $797,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas J. Falk sold 58,218 shares of the company’s stock in a transaction 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 115,552 shares of company stock valued at $14,956,806 over the last quarter. Insiders own 0.85% of the company’s stock.

Shares of NYSE KMB traded down $0.17 during trading on Friday, reaching $138.37. The company had a trading volume of 1,353,047 shares, compared to its average volume of 1,704,588. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $140.62. The stock has a market capitalization of $46.85 billion, a PE ratio of 20.93, a PEG ratio of 3.64 and a beta of 0.56. The business’s 50-day simple moving average is $136.49. 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 (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.03 dividend. The ex-dividend date is Thursday, September 5th. This represents a $4.12 annualized dividend and a yield of 2.98%. Kimberly Clark’s payout ratio is currently 62.33%.

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.

See Also: Understanding Price to Earnings Ratio (PE)

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

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