Kimberly-Clark Corporation (NYSE:KMB) Stake Reduced by Meyer Handelman Co.

Meyer Handelman Co. lowered its stake in Kimberly-Clark Corporation (NYSE:KMB) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 555,414 shares of the company’s stock after selling 6,300 shares during the period. Kimberly-Clark Corporation comprises 3.0% of Meyer Handelman Co.’s portfolio, making the stock its 3rd largest position. Meyer Handelman Co. owned approximately 0.16% of Kimberly-Clark Corporation worth $71,711,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in KMB. Mutual of Omaha Bank Wealth Management increased its stake in Kimberly-Clark Corporation by 3.6% in the first quarter. Mutual of Omaha Bank Wealth Management now owns 15,590 shares of the company’s stock valued at $2,052,000 after buying an additional 535 shares during the period. Quadrant Capital Group LLC increased its stake in Kimberly-Clark Corporation by 9.7% in the first quarter. Quadrant Capital Group LLC now owns 1,381 shares of the company’s stock valued at $173,000 after buying an additional 122 shares during the period. Koshinski Asset Management Inc. increased its stake in Kimberly-Clark Corporation by 29.3% in the first quarter. Koshinski Asset Management Inc. now owns 3,908 shares of the company’s stock valued at $514,000 after buying an additional 885 shares during the period. Lynch & Associates IN increased its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. Lynch & Associates IN now owns 11,422 shares of the company’s stock valued at $1,503,000 after buying an additional 146 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 112,295 shares of the company’s stock valued at $14,781,000 after buying an additional 1,400 shares during the period. 70.15% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Corporation (NYSE:KMB) opened at 121.39 on Friday. The stock has a 50 day moving average of $123.72 and a 200 day moving average of $128.52. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $136.21. The firm has a market capitalization of $42.89 billion, a price-to-earnings ratio of 20.27 and a beta of 0.76.

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. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The company had revenue of $4.55 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The business’s revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Kimberly-Clark Corporation will post $6.21 earnings per share for the current year.

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

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Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research note on Wednesday, April 26th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Jefferies Group LLC dropped their price target on shares of Kimberly-Clark Corporation from $134.00 to $133.00 and set a “hold” rating on the stock in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $121.00 price target on shares of Kimberly-Clark Corporation in a research note on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) set a $157.00 price target on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $133.07.

In other news, Director Robert W. Decherd bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the transaction, the director now directly owns 43,444 shares of the company’s stock, valued at approximately $5,309,291.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sergio Cruz sold 7,078 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $130.01, for a total transaction of $920,210.78. Following the sale, the insider now owns 4,910 shares of the company’s stock, valued at approximately $638,349.10. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

About Kimberly-Clark Corporation

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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