Zeke Capital Advisors LLC Reduces Position in Kimberly Clark Corp (NYSE:KMB)

Zeke Capital Advisors LLC decreased its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,991 shares of the company’s stock after selling 749 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Kimberly Clark were worth $1,598,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Securities Inc. raised its holdings in Kimberly Clark by 27.8% in the fourth quarter. Comerica Securities Inc. now owns 8,816 shares of the company’s stock valued at $1,011,000 after acquiring an additional 1,919 shares in the last quarter. Geode Capital Management LLC raised its holdings in Kimberly Clark by 8.1% in the fourth quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after acquiring an additional 308,810 shares in the last quarter. Legacy Advisors LLC acquired a new stake in Kimberly Clark in the first quarter valued at $118,000. Triangle Securities Wealth Management acquired a new stake in Kimberly Clark in the first quarter valued at $3,719,000. Finally, Neville Rodie & Shaw Inc. raised its holdings in Kimberly Clark by 0.7% in the first quarter. Neville Rodie & Shaw Inc. now owns 15,561 shares of the company’s stock valued at $1,928,000 after acquiring an additional 101 shares in the last quarter. 71.52% of the stock is owned by institutional investors and hedge funds.

Shares of KMB stock traded down $1.27 during trading hours on Monday, reaching $134.60. The stock had a trading volume of 451,529 shares, compared to its average volume of 1,630,155. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $140.62. The company’s 50-day simple moving average is $136.55. The company has a market cap of $46.76 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 3.64 and a beta of 0.56.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The business had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter last year, the company earned $1.59 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Analysts predict that Kimberly Clark Corp will post 6.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.06%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

In related news, insider Kimberly K. Underhill sold 23,785 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $131.05, for a total value of $3,117,024.25. Following the sale, the insider now owns 51,307 shares of the company’s stock, valued at approximately $6,723,782.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Falk sold 58,218 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $127.73, for a total transaction of $7,436,185.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,089 shares of company stock worth $15,864,805. Corporate insiders own 0.85% of the company’s stock.

KMB has been the topic of a number of research reports. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a report on Thursday. Atlantic Securities raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a report on Wednesday, July 24th. Morgan Stanley increased their target price on shares of Kimberly Clark from $145.00 to $147.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a report on Thursday, April 25th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $128.81.

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

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