Kimberly Clark Corp (KMB) Holdings Reduced by Welch & Forbes LLC

Welch & Forbes LLC cut its position in Kimberly Clark Corp (NYSE:KMB) by 6.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,526 shares of the company’s stock after selling 3,040 shares during the period. Welch & Forbes LLC’s holdings in Kimberly Clark were worth $5,061,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of Kimberly Clark by 3.5% during the second quarter. Northern Trust Corp now owns 5,443,511 shares of the company’s stock worth $573,419,000 after purchasing an additional 182,806 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Kimberly Clark by 96.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock worth $506,642,000 after purchasing an additional 2,365,565 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Kimberly Clark by 1.8% during the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock worth $340,302,000 after purchasing an additional 56,053 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kimberly Clark by 121.8% during the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after purchasing an additional 1,361,325 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Kimberly Clark by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock worth $231,237,000 after purchasing an additional 72,684 shares in the last quarter. Hedge funds and other institutional investors own 73.97% of the company’s stock.

In other Kimberly Clark news, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares of the company’s stock, valued at $118,357.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

KMB opened at $109.48 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 32.28. The company has a market cap of $37.83 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.70. Kimberly Clark Corp has a fifty-two week low of $97.10 and a fifty-two week high of $123.77.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly Clark Corp will post 6.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.65%. The ex-dividend date was Thursday, September 6th. Kimberly Clark’s payout ratio is presently 64.21%.

KMB has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, August 31st. Atlantic Securities initiated coverage on shares of Kimberly Clark in a research note on Thursday, September 20th. They set an “underweight” rating and a $114.00 price target for the company. Bank of America boosted their price target on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, September 6th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Deutsche Bank boosted their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $105.43.

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

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