Kimberly-Clark Co. (NYSE:KMB) Position Trimmed by Clear Perspective Advisors LLC

Clear Perspective Advisors LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,643 shares of the company’s stock after selling 105 shares during the period. Clear Perspective Advisors LLC’s holdings in Kimberly-Clark were worth $354,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Nuance Investments LLC boosted its stake in Kimberly-Clark by 96.8% in the 2nd quarter. Nuance Investments LLC now owns 1,693,766 shares of the company’s stock worth $226,592,000 after purchasing an additional 833,202 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Kimberly-Clark by 9.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,530,259 shares of the company’s stock worth $1,141,177,000 after purchasing an additional 752,189 shares during the period. Nordea Investment Management AB boosted its stake in Kimberly-Clark by 57.4% in the 1st quarter. Nordea Investment Management AB now owns 1,736,478 shares of the company’s stock worth $240,797,000 after purchasing an additional 633,402 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Kimberly-Clark by 33.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,481,491 shares of the company’s stock worth $345,051,000 after purchasing an additional 621,421 shares during the period. Finally, Marathon Asset Management LLP boosted its stake in Kimberly-Clark by 110.7% in the 2nd quarter. Marathon Asset Management LLP now owns 951,658 shares of the company’s stock worth $127,826,000 after purchasing an additional 499,980 shares during the period. Hedge funds and other institutional investors own 71.37% of the company’s stock.

A number of equities research analysts have issued reports on KMB shares. Royal Bank of Canada cut their target price on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating for the company in a research report on Monday, July 26th. HSBC started coverage on shares of Kimberly-Clark in a research report on Thursday, September 9th. They issued a “hold” rating and a $131.00 target price for the company. Jefferies Financial Group increased their target price on shares of Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, July 19th. UBS Group assumed coverage on shares of Kimberly-Clark in a research report on Wednesday, June 23rd. They issued a “neutral” rating and a $135.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target on the stock in a report on Monday, September 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.67.

In related news, insider Kimberly K. Underhill sold 19,018 shares of the business’s stock in a transaction that occurred on Monday, July 26th. The shares were sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the completion of the transaction, the insider now owns 62,042 shares in the company, valued at $8,427,785.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Aaron Powell sold 29,534 shares of the business’s stock in a transaction that occurred on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total transaction of $4,120,288.34. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

KMB stock traded up $0.36 during trading on Thursday, hitting $132.91. 16,297 shares of the stock traded hands, compared to its average volume of 2,183,147. Kimberly-Clark Co. has a one year low of $128.02 and a one year high of $155.26. The stock has a market cap of $44.76 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 4.07 and a beta of 0.54. The company has a 50 day simple moving average of $135.73 and a 200 day simple moving average of $134.70. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 10.01.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Thursday, July 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.24). Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. The firm had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same period in the prior year, the business earned $2.20 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts predict that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 4th. Investors of record on Friday, September 10th were paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Thursday, September 9th. Kimberly-Clark’s dividend payout ratio (DPR) is 58.91%.

Kimberly-Clark Profile

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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

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