Capital Planning Advisors LLC Decreases Holdings in Kimberly-Clark Corporation (KMB)

Capital Planning Advisors LLC reduced its stake in Kimberly-Clark Corporation (NYSE:KMB) by 47.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,864 shares of the company’s stock after selling 1,700 shares during the period. Capital Planning Advisors LLC’s holdings in Kimberly-Clark Corporation were worth $241,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 4.7% in the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after acquiring an additional 34 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Kimberly-Clark Corporation by 125.0% in the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 500 shares during the period. Armbruster Capital Management Inc. boosted its position in shares of Kimberly-Clark Corporation by 38.5% in the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after acquiring an additional 250 shares during the period. Heritage Trust Co bought a new stake in shares of Kimberly-Clark Corporation in the first quarter valued at about $118,000. Finally, V Wealth Management LLC bought a new stake in shares of Kimberly-Clark Corporation in the second quarter valued at about $123,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.

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 bought 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation (KMB) opened at 112.41 on Monday. Kimberly-Clark Corporation has a 1-year low of $110.33 and a 1-year high of $136.21. The firm has a market cap of $39.71 billion, a P/E ratio of 18.77 and a beta of 0.76. The stock has a 50 day moving average price of $117.23 and a 200 day moving average price of $124.39.

Kimberly-Clark Corporation (NYSE:KMB) last released its earnings results on Monday, October 23rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.06. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.65 billion. Kimberly-Clark Corporation had a return on equity of 666.97% and a net margin of 11.89%. Kimberly-Clark Corporation’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS. On average, analysts anticipate that Kimberly-Clark Corporation will post $6.21 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, September 8th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.88 dividend on an annualized basis and a yield of 3.45%. Kimberly-Clark Corporation’s payout ratio is 64.03%.

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A number of brokerages have recently issued reports on KMB. Zacks Investment Research cut shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research report on Friday, July 7th. Citigroup Inc. set a $134.00 target price on shares of Kimberly-Clark Corporation and gave the company a “sell” rating in a research report on Friday, July 7th. BidaskClub cut shares of Kimberly-Clark Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Barclays PLC reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday. Finally, Berenberg Bank reissued a “hold” rating on shares of Kimberly-Clark Corporation in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $127.14.

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.

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

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