FARMERS & MERCHANTS TRUST Co OF LONG BEACH trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 11.3% in the 2nd quarter, Holdings Channel reports. The fund owned 3,653 shares of the company’s stock after selling 465 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Kimberly Clark were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of KMB. Thoroughbred Financial Services LLC lifted its position in Kimberly Clark by 1.1% in the first quarter. Thoroughbred Financial Services LLC now owns 8,033 shares of the company’s stock worth $995,000 after purchasing an additional 84 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Kimberly Clark by 4.3% during the first quarter. Coldstream Capital Management Inc. now owns 2,061 shares of the company’s stock valued at $255,000 after acquiring an additional 85 shares during the period. Winslow Evans & Crocker Inc. lifted its holdings in shares of Kimberly Clark by 5.8% during the first quarter. Winslow Evans & Crocker Inc. now owns 1,560 shares of the company’s stock valued at $194,000 after acquiring an additional 86 shares during the period. Cornerstone Advisors Inc. lifted its holdings in shares of Kimberly Clark by 8.7% during the second quarter. Cornerstone Advisors Inc. now owns 1,109 shares of the company’s stock valued at $148,000 after acquiring an additional 89 shares during the period. Finally, Dowling & Yahnke LLC lifted its holdings in shares of Kimberly Clark by 0.4% during the first quarter. Dowling & Yahnke LLC now owns 22,185 shares of the company’s stock valued at $2,749,000 after acquiring an additional 90 shares during the period. 71.45% of the stock is owned by institutional investors.
Shares of NYSE:KMB opened at $135.24 on Friday. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $140.62. The firm has a market capitalization of $47.59 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 3.70 and a beta of 0.58. 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 firm has a fifty day simple moving average of $136.57.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.05%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.
A number of research analysts have issued reports on the company. Deutsche Bank lifted their price objective on Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a report on Monday, June 17th. Argus raised Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wells Fargo & Co reissued a “hold” rating and set a $130.00 price objective on shares of Kimberly Clark in a report on Tuesday, July 23rd. Finally, Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $128.81.
In related news, insider Thomas J. Falk sold 58,218 shares of Kimberly Clark stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $127.73, for a total value of $7,436,185.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sandra Macquillan sold 5,385 shares of Kimberly Clark stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $126.15, for a total value of $679,317.75. Following the completion of the sale, the senior vice president now owns 15,814 shares of the company’s stock, valued at $1,994,936.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 123,089 shares of company stock valued at $15,864,805. 0.85% of the stock is currently owned by corporate insiders.
About Kimberly Clark
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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