B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund cut its stake in Kimberly-Clark Corporation (NYSE:KMB) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,826 shares of the company’s stock after selling 1,041 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Kimberly-Clark Corporation were worth $1,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMB. Tortoise Investment Management LLC increased its stake in Kimberly-Clark Corporation by 4.7% during the first quarter. Tortoise Investment Management LLC now owns 758 shares of the company’s stock valued at $100,000 after purchasing an additional 34 shares during the last quarter. Heritage Trust Co bought a new stake in Kimberly-Clark Corporation during the first quarter valued at $118,000. Acrospire Investment Management LLC increased its stake in Kimberly-Clark Corporation by 125.0% during the first quarter. Acrospire Investment Management LLC now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 500 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in Kimberly-Clark Corporation by 38.5% during the first quarter. Armbruster Capital Management Inc. now owns 900 shares of the company’s stock valued at $118,000 after purchasing an additional 250 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. increased its stake in Kimberly-Clark Corporation by 63.8% during the first quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock valued at $135,000 after purchasing an additional 400 shares during the last quarter. 70.10% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Robert W. Decherd bought 1,500 shares of Kimberly-Clark Corporation stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, for a total transaction of $183,315.00. Following the completion of the acquisition, the director now owns 43,444 shares in the company, valued at $5,309,291.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by company insiders.

KMB has been the subject of several recent research reports. 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. BidaskClub lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Citigroup Inc. set a $132.00 target price on shares of Kimberly-Clark Corporation and gave the company a “hold” rating in a research note on Wednesday, July 26th. Zacks Investment Research lowered shares of Kimberly-Clark Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 7th. Finally, UBS AG reiterated a “neutral” rating and set a $119.00 target price (down previously from $120.00) on shares of Kimberly-Clark Corporation in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $132.86.

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Kimberly-Clark Corporation (NYSE:KMB) traded up 1.223% during trading on Monday, hitting $119.575. 936,848 shares of the stock traded hands. The company has a 50-day moving average price of $121.97 and a 200 day moving average price of $128.26. Kimberly-Clark Corporation has a one year low of $111.30 and a one year high of $136.21. The stock has a market cap of $42.25 billion, a PE ratio of 19.966 and a beta of 0.78.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.88%.

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.

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

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