Kimberly-Clark Corporation (KMB) Position Decreased by Alley Co LLC

Alley Co LLC lowered its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 22.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,183 shares of the company’s stock after selling 5,449 shares during the period. Alley Co LLC’s holdings in Kimberly-Clark Corporation were worth $2,525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock worth $100,000 after buying an additional 34 shares during the period. Heritage Trust Co acquired a new stake in Kimberly-Clark Corporation during the first quarter worth about $118,000. Acrospire Investment Management LLC boosted its stake in Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock worth $118,000 after buying an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its stake in Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock worth $118,000 after buying an additional 250 shares during the period. Finally, Clean Yield Group acquired a new stake in Kimberly-Clark Corporation during the first quarter worth about $145,000. 70.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kimberly-Clark Corporation (NYSE:KMB) opened at 121.39 on Friday. The firm’s 50-day moving average price is $123.72 and its 200 day moving average price is $128.52. The firm has a market cap of $42.89 billion, a P/E ratio of 20.27 and a beta of 0.76. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21.

Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.49. The firm had revenue of $4.55 billion during the quarter, compared to the consensus estimate of $4.56 billion. Kimberly-Clark Corporation had a return on equity of 636.30% and a net margin of 11.82%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. Analysts predict that Kimberly-Clark Corporation will post $6.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.20%. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is presently 64.88%.

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A number of analysts have issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a research note on Sunday, April 23rd. BidaskClub upgraded shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) set a $157.00 target price on shares of Kimberly-Clark Corporation and gave the company a “buy” rating in a research note on Monday, June 19th. Citigroup Inc. set a $132.00 price target on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a report on Wednesday, July 26th. Finally, UBS AG reaffirmed a “neutral” rating and issued a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $133.07.

In other news, insider Sergio Cruz sold 7,078 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the transaction, the insider now owns 4,910 shares in the company, valued at approximately $638,349.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the purchase, the director now directly owns 43,444 shares in the company, valued at approximately $5,309,291.24. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Kimberly-Clark Corporation 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’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. 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.

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

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