Kimberly Clark Corp (KMB) Position Lessened by Beacon Financial Group

Beacon Financial Group decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 5.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,171 shares of the company’s stock after selling 200 shares during the period. Beacon Financial Group’s holdings in Kimberly Clark were worth $393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Moody National Bank Trust Division bought a new position in shares of Kimberly Clark in the 4th quarter valued at $27,000. Phocas Financial Corp. bought a new stake in Kimberly Clark during the 4th quarter worth $28,000. Proficio Capital Partners LLC grew its position in Kimberly Clark by 76.9% during the 4th quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after acquiring an additional 110 shares during the last quarter. First Mercantile Trust Co. grew its position in Kimberly Clark by 154.5% during the 4th quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after acquiring an additional 170 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Kimberly Clark during the 4th quarter worth $33,000. Institutional investors own 73.68% of the company’s stock.

In related news, insider Thomas J. Falk sold 303,578 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total value of $38,147,611.48. Following the completion of the sale, the insider now directly owns 83,717 shares of the company’s stock, valued at approximately $10,519,878.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sandra Macquillan sold 6,774 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total value of $845,869.38. Following the completion of the sale, 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. Insiders sold a total of 332,573 shares of company stock worth $41,797,502 over the last three months. 0.85% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on KMB shares. Barclays restated a “hold” rating and set a $109.00 price objective on shares of Kimberly Clark in a research report on Friday, January 25th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley upgraded Kimberly Clark from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $107.00 to $113.00 in a research report on Thursday, January 24th. JPMorgan Chase & Co. upgraded Kimberly Clark from a “neutral” rating to an “overweight” rating and set a $129.00 price objective on the stock in a research report on Friday, January 18th. Finally, Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $102.00 to $142.00 in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $120.24.

KMB traded up $1.04 during midday trading on Friday, hitting $127.44. 942,093 shares of the company were exchanged, compared to its average volume of 1,790,486. The company has a market capitalization of $43.46 billion, a PE ratio of 19.28, a PEG ratio of 3.68 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 current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.12. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.71 EPS. Equities research analysts predict that Kimberly Clark Corp will post 6.66 EPS for the current fiscal 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 paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Thursday, June 6th. Kimberly Clark’s dividend payout ratio is 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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