British Columbia Investment Management Corp lowered its stake in Kimberly-Clark Corp. (NYSE:KMB) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 188,617 shares of the company’s stock after selling 3,046 shares during the period. British Columbia Investment Management Corp’s holdings in Kimberly-Clark Corp. were worth $23,792,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Washington Trust Bank raised its position in Kimberly-Clark Corp. by 0.4% in the second quarter. Washington Trust Bank now owns 7,594 shares of the company’s stock valued at $1,044,000 after buying an additional 29 shares during the period. Raymond James Trust N.A. raised its position in Kimberly-Clark Corp. by 1.2% in the second quarter. Raymond James Trust N.A. now owns 46,714 shares of the company’s stock valued at $6,423,000 after buying an additional 544 shares during the period. Spirit of America Management Corp NY raised its position in Kimberly-Clark Corp. by 14.3% in the second quarter. Spirit of America Management Corp NY now owns 8,000 shares of the company’s stock valued at $1,100,000 after buying an additional 1,000 shares during the period. Baxter Bros Inc. bought a new position in Kimberly-Clark Corp. during the second quarter valued at approximately $2,637,000. Finally, Osborn Rohs Williams & Donohoe Ltd raised its position in Kimberly-Clark Corp. by 4.2% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 13,569 shares of the company’s stock valued at $1,865,000 after buying an additional 551 shares during the period. 67.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 0.96% on Monday, reaching $116.95. The company had a trading volume of 1,099,604 shares. The firm has a market capitalization of $41.89 billion, a PE ratio of 21.27 and a beta of 0.61. Kimberly-Clark Corp. has a 12 month low of $111.30 and a 12 month high of $138.87. The company’s 50-day moving average is $116.08 and its 200 day moving average is $126.06.
Kimberly-Clark Corp. (NYSE:KMB) last announced its earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.54 by $0.02. Kimberly-Clark Corp. had a net margin of 10.96% and a return on equity of 648.51%. The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the previous year, the company earned $1.51 EPS. Kimberly-Clark Corp.’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts forecast that Kimberly-Clark Corp. will post $6.00 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Wednesday, December 7th. This represents a $3.68 annualized dividend and a yield of 3.18%. Kimberly-Clark Corp.’s payout ratio is 67.03%.
Several research firms recently commented on KMB. B. Riley reissued a “neutral” rating and set a $124.00 price target on shares of Kimberly-Clark Corp. in a research report on Sunday, July 31st. Zacks Investment Research lowered Kimberly-Clark Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Atlantic Securities assumed coverage on Kimberly-Clark Corp. in a research report on Monday, October 10th. They issued an “underweight” rating and a $124.00 target price on the stock. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $154.00 target price on shares of Kimberly-Clark Corp. in a research report on Monday, September 12th. Finally, Deutsche Bank AG cut their target price on Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating on the stock in a research report on Tuesday, October 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $132.60.
In related news, SVP Thomas J. Mielke sold 11,946 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $113.34, for a total transaction of $1,353,959.64. Following the completion of the sale, the senior vice president now owns 30,091 shares in the company, valued at approximately $3,410,513.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Decherd acquired 2,000 shares of Kimberly-Clark Corp. stock in a transaction on Thursday, October 27th. The stock was purchased at an average price of $113.59 per share, with a total value of $227,180.00. Following the transaction, the director now directly owns 41,944 shares in the company, valued at approximately $4,764,418.96. The disclosure for this purchase can be found here. Corporate insiders own 0.58% of the company’s stock.
Kimberly-Clark Corp. Company Profile
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company operates through three segments: Personal Care, Consumer Tissue and K-C Professional. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.