Kimberly Clark Corp (KMB) Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 29.5% during the third quarter, Holdings Channel reports. The fund owned 20,390 shares of the company’s stock after selling 8,550 shares during the period. Davis R M Inc.’s holdings in Kimberly Clark were worth $2,317,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Kimberly Clark during the second quarter worth about $40,577,000. PVG Asset Management Corp boosted its position in Kimberly Clark by 159.8% in the second quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after buying an additional 6,633 shares during the last quarter. Cleararc Capital Inc. boosted its position in Kimberly Clark by 254.1% in the second quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after buying an additional 22,784 shares during the last quarter. MAI Capital Management boosted its position in Kimberly Clark by 22.7% in the second quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after buying an additional 593 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in Kimberly Clark by 87.7% in the second quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after buying an additional 1,801 shares during the last quarter. Institutional investors and hedge funds own 73.86% of the company’s stock.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the transaction, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Aaron Powell sold 1,100 shares of the business’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 transaction, the insider now directly owns 1,117 shares of the company’s stock, valued at $118,357.32. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

A number of equities research analysts recently commented on the company. ValuEngine upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research lowered Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Societe Generale lowered Kimberly Clark from a “buy” rating to a “hold” rating and dropped their target price for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Barclays set a $104.00 target price on Kimberly Clark and gave the company a “hold” rating in a research report on Monday, October 1st. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $105.00 target price (up previously from $97.00) on shares of Kimberly Clark in a research report on Wednesday. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. Kimberly Clark currently has an average rating of “Hold” and a consensus target price of $105.43.

Shares of NYSE:KMB opened at $108.82 on Thursday. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77. The company has a market capitalization of $39.51 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 2.57 and a beta of 0.70. The company has a debt-to-equity ratio of 32.28, a current ratio of 0.76 and a quick ratio of 0.49.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The company had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period in the previous year, the company posted $1.49 earnings per share. Kimberly Clark’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Kimberly Clark Corp will post 6.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend was Thursday, September 6th. Kimberly Clark’s payout ratio is presently 64.21%.

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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