Private Advisor Group LLC decreased its position in shares of Kimberly Clark Corp (NYSE:KMB) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,770 shares of the company’s stock after selling 3,601 shares during the quarter. Private Advisor Group LLC’s holdings in Kimberly Clark were worth $4,368,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new stake in Kimberly Clark during the 2nd quarter valued at $25,000. HMS Capital Management LLC purchased a new position in Kimberly Clark during the 2nd quarter worth $28,000. SRS Capital Advisors Inc. purchased a new position in Kimberly Clark during the 2nd quarter worth $33,000. Manchester Financial Inc. purchased a new position in Kimberly Clark during the 2nd quarter worth $34,000. Finally, Mirova purchased a new position in Kimberly Clark during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 71.86% of the company’s stock.

In other news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the sale, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP J. Scott Boston sold 4,834 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $136.26, for a total value of $658,680.84. Following the sale, the senior vice president now owns 11,901 shares in the company, valued at $1,621,630.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,584 shares of company stock worth $6,242,483. Insiders own 0.85% of the company’s stock.

A number of equities analysts have issued reports on the stock. Deutsche Bank lifted their price objective on shares of Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a report on Monday, June 17th. Morgan Stanley boosted their price target on shares of Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Bank of America reissued a “neutral” rating and issued a $143.00 price target (up from $135.00) on shares of Kimberly Clark in a report on Wednesday, June 19th. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price target on the stock in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $130.20.

NYSE KMB traded up $1.36 during trading on Thursday, hitting $134.45. 85,217 shares of the company’s stock traded hands, compared to its average volume of 1,671,050. The stock has a market capitalization of $44.32 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 3.45 and a beta of 0.54. Kimberly Clark Corp has a 12-month low of $100.32 and a 12-month high of $143.16. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The business has a 50 day moving average of $137.94 and a 200-day moving average of $130.90.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The business had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. On average, analysts expect that Kimberly Clark Corp will post 6.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

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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