Lucia Wealth Services LLC Has $11.89 Million Position in Kimberly Clark Corp (NYSE:KMB)

Lucia Wealth Services LLC trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,190 shares of the company’s stock after selling 1,780 shares during the period. Kimberly Clark accounts for 4.1% of Lucia Wealth Services LLC’s investment portfolio, making the stock its 6th biggest position. Lucia Wealth Services LLC’s holdings in Kimberly Clark were worth $11,887,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Federated Investors Inc. PA lifted its holdings in shares of Kimberly Clark by 13.5% during the 1st quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after acquiring an additional 492,289 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kimberly Clark by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock worth $470,390,000 after acquiring an additional 308,810 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Kimberly Clark by 119.3% during the 1st quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock worth $306,253,000 after acquiring an additional 1,344,424 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Kimberly Clark by 33.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,901,054 shares of the company’s stock worth $235,541,000 after acquiring an additional 472,005 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Kimberly Clark by 17.9% during the 1st quarter. California Public Employees Retirement System now owns 1,864,447 shares of the company’s stock worth $231,005,000 after acquiring an additional 282,643 shares during the last quarter. 71.45% of the stock is owned by hedge funds and other institutional investors.

In other Kimberly Clark news, SVP Sandra Macquillan sold 5,385 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $126.15, for a total value of $679,317.75. Following the transaction, the senior vice president now owns 15,814 shares in the company, valued at $1,994,936.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aaron Powell sold 3,964 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $137.95, for a total transaction of $546,833.80. Following the completion of the transaction, the insider now owns 5,780 shares in the company, valued at approximately $797,351. The disclosure for this sale can be found here. In the last quarter, insiders sold 123,089 shares of company stock worth $15,864,805. 0.85% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on KMB shares. Bank of America reaffirmed a “neutral” rating and set a $143.00 price objective (up from $135.00) on shares of Kimberly Clark in a report on Wednesday, June 19th. Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $102.00 to $142.00 in a report on Tuesday, April 23rd. Wells Fargo & Co reaffirmed a “hold” rating and set a $130.00 price objective on shares of Kimberly Clark in a report on Tuesday, July 23rd. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Argus upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $128.81.

Shares of NYSE:KMB opened at $135.41 on Friday. The stock has a market cap of $47.59 billion, a PE ratio of 20.49, a PEG ratio of 3.70 and a beta of 0.58. The stock has a fifty day simple moving average of $136.57. Kimberly Clark Corp has a 52 week low of $100.32 and a 52 week high of $140.62. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81.

Kimberly Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 EPS. On average, equities research analysts predict that Kimberly Clark Corp will post 6.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.04%. Kimberly Clark’s payout ratio is presently 62.33%.

Kimberly Clark 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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