Trading Report: The Naples Global Advisors LLC Continues to Hold Position in Kimberly-Clark Corp. (KMB)

The Naples Global Advisors LLC Continues to Hold Position in Kimberly-Clark Corp. (KMB)

Naples Global Advisors LLC maintained its stake in shares of Kimberly-Clark Corp. (NYSE:KMB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,004 shares of the company’s stock at the end of the third quarter. Naples Global Advisors LLC’s holdings in Kimberly-Clark Corp. were worth $1,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of KMB. Capital Management Corp VA increased its position in shares of Kimberly-Clark Corp. by 0.5% in the second quarter. Capital Management Corp VA now owns 1,778 shares of the company’s stock worth $244,000 after buying an additional 8 shares during the last quarter. Hanson & Doremus Investment Management increased its position in shares of Kimberly-Clark Corp. by 0.9% in the second quarter. Hanson & Doremus Investment Management now owns 1,145 shares of the company’s stock valued at $157,000 after buying an additional 10 shares during the last quarter. Adirondack Trust Co. increased its position in shares of Kimberly-Clark Corp. by 0.4% in the second quarter. Adirondack Trust Co. now owns 2,643 shares of the company’s stock valued at $363,000 after buying an additional 11 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Kimberly-Clark Corp. by 0.3% in the second quarter. Woodmont Investment Counsel LLC now owns 4,557 shares of the company’s stock valued at $626,000 after buying an additional 12 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its position in shares of Kimberly-Clark Corp. by 0.4% in the second quarter. Kistler Tiffany Companies LLC now owns 3,018 shares of the company’s stock valued at $415,000 after buying an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 67.57% of the company’s stock.

Shares of Kimberly-Clark Corp. (NYSE:KMB) traded up 1.12% during midday trading on Friday, hitting $115.84. The stock had a trading volume of 996,853 shares. The stock has a 50 day moving average of $116.08 and a 200-day moving average of $126.06. Kimberly-Clark Corp. has a one year low of $111.30 and a one year high of $138.87. The company has a market cap of $41.49 billion, a P/E ratio of 21.07 and a beta of 0.61.

Kimberly-Clark Corp. (NYSE:KMB) last issued its earnings results on Monday, October 24th. The company reported $1.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by $0.02. Kimberly-Clark Corp. had a return on equity of 648.51% and a net margin of 10.96%. The company earned $4.60 billion during the quarter, compared to analysts’ expectations of $4.73 billion. During the same period in the previous year, the company earned $1.51 EPS. Kimberly-Clark Corp.’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts forecast that Kimberly-Clark Corp. will post $6.00 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Friday, December 9th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, December 7th. Kimberly-Clark Corp.’s dividend payout ratio (DPR) is 67.03%.

KMB has been the subject of several research analyst reports. Societe Generale reaffirmed a “buy” rating and set a $139.00 target price on shares of Kimberly-Clark Corp. in a research note on Thursday, October 27th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $145.00 target price on shares of Kimberly-Clark Corp. in a research note on Tuesday, October 25th. Deutsche Bank AG reduced their target price on Kimberly-Clark Corp. from $132.00 to $120.00 and set a “hold” rating for the company in a research note on Tuesday, October 25th. RBC Capital Markets set a $118.00 target price on Kimberly-Clark Corp. and gave the stock a “hold” rating in a research note on Tuesday, October 25th. Finally, Wells Fargo & Co. reaffirmed a “market perform” rating on shares of Kimberly-Clark Corp. in a research note on Tuesday, November 15th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $132.60.

In other Kimberly-Clark Corp. news, Director Robert W. Decherd purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The shares were acquired at an average price of $113.59 per share, for a total transaction of $227,180.00. Following the completion of the purchase, the director now owns 41,944 shares in the company, valued at approximately $4,764,418.96. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Thomas J. Mielke sold 11,946 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $113.34, for a total value of $1,353,959.64. Following the completion of the transaction, the senior vice president now owns 30,091 shares in the company, valued at approximately $3,410,513.94. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

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.

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