Kimberly Clark Corp (KMB) Stake Boosted by Cypress Capital LLC

Cypress Capital LLC grew its holdings in Kimberly Clark Corp (NYSE:KMB) by 10.0% during the 1st quarter, Holdings Channel reports. The firm owned 5,438 shares of the company’s stock after buying an additional 496 shares during the period. Cypress Capital LLC’s holdings in Kimberly Clark were worth $674,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in KMB. Shorepoint Capital Partners LLC purchased a new stake in shares of Kimberly Clark in the 1st quarter valued at $279,000. Blue Chip Partners Inc. increased its holdings in Kimberly Clark by 8.9% during the 1st quarter. Blue Chip Partners Inc. now owns 81,204 shares of the company’s stock worth $10,061,000 after purchasing an additional 6,669 shares during the period. Investment Partners LTD. purchased a new stake in Kimberly Clark during the 4th quarter worth about $240,000. Norges Bank purchased a new stake in Kimberly Clark during the 4th quarter worth about $337,207,000. Finally, Commonwealth Equity Services LLC increased its holdings in Kimberly Clark by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 300,793 shares of the company’s stock worth $34,272,000 after purchasing an additional 7,144 shares during the period. 73.68% of the stock is currently owned by institutional investors and hedge funds.

KMB has been the topic of several recent research reports. Zacks Investment Research downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. JPMorgan Chase & Co. upgraded Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price target on the stock in a report on Friday, January 18th. Wells Fargo & Co restated a “hold” rating and set a $105.00 price target on shares of Kimberly Clark in a report on Wednesday, January 23rd. Morgan Stanley upgraded Kimberly Clark from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $107.00 to $113.00 in a report on Thursday, January 24th. Finally, Barclays restated a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a report on Friday, January 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $120.24.

In other news, SVP J. Scott Boston sold 16,836 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.20, for a total transaction of $2,124,703.20. Following the completion of the transaction, the senior vice president now directly owns 23,849 shares of the company’s stock, valued at approximately $3,009,743.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Sandra Macquillan sold 6,774 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $124.87, for a total value of $845,869.38. Following the transaction, the senior vice president now directly owns 15,287 shares of the company’s stock, valued at $1,908,887.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,188 shares of company stock valued at $41,118,184. Insiders own 0.85% of the company’s stock.

NYSE:KMB opened at $126.40 on Friday. The stock has a market cap of $43.58 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 3.72 and a beta of 0.61. Kimberly Clark Corp has a 1 year low of $99.36 and a 1 year high of $132.47. The company has a quick ratio of 0.47, a current ratio of 0.73 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.12. The business had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 EPS. As a group, research analysts forecast that Kimberly Clark Corp will post 6.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.26%. Kimberly Clark’s dividend payout ratio is currently 62.33%.

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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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