TRUE Private Wealth Advisors lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,026 shares of the company’s stock after selling 760 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Kimberly-Clark were worth $813,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Kimberly-Clark by 3.8% in the 1st quarter. BlackRock Inc. now owns 27,646,879 shares of the company’s stock valued at $3,844,301,000 after purchasing an additional 1,002,406 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Kimberly-Clark by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,674,541 shares of the company’s stock worth $649,995,000 after acquiring an additional 283,040 shares during the period. Morgan Stanley raised its stake in Kimberly-Clark by 13.8% during the first quarter. Morgan Stanley now owns 3,092,712 shares of the company’s stock worth $430,042,000 after acquiring an additional 374,462 shares during the period. FIL Ltd raised its stake in Kimberly-Clark by 1.7% during the first quarter. FIL Ltd now owns 2,740,039 shares of the company’s stock worth $381,002,000 after acquiring an additional 45,378 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in Kimberly-Clark by 33.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock worth $345,051,000 after acquiring an additional 621,421 shares during the period. Institutional investors and hedge funds own 71.37% of the company’s stock.
In related news, insider Aaron Powell sold 29,534 shares of the company’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total value of $4,120,288.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kimberly K. Underhill sold 19,018 shares of the stock in a transaction that occurred on Monday, July 26th. The stock was sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the completion of the sale, the insider now owns 62,042 shares of the company’s stock, valued at approximately $8,427,785.28. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
Kimberly-Clark (NYSE:KMB) last issued its earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.24). The business had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. Kimberly-Clark had a return on equity of 308.07% and a net margin of 10.53%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.20 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be given a $1.14 dividend. The ex-dividend date of this dividend is Thursday, September 9th. This represents a $4.56 annualized dividend and a dividend yield of 3.31%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 58.91%.
Several research firms recently weighed in on KMB. UBS Group began coverage on shares of Kimberly-Clark in a research note on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $137.00 to $139.00 and gave the company a “hold” rating in a research note on Friday, July 9th. HSBC started coverage on shares of Kimberly-Clark in a research note on Thursday, September 9th. They issued a “hold” rating and a $131.00 price target on the stock. Royal Bank of Canada dropped their price target on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Monday, July 26th. Finally, Jefferies Financial Group raised their price target on shares of Kimberly-Clark from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, July 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.67.
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
Read More: Analyst Ratings Trading
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.