Douglass Winthrop Advisors LLC cut its position in Kimberly Clark Corp (NYSE:KMB) by 50.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,137 shares of the company’s stock after selling 9,282 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Kimberly Clark were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in shares of Kimberly Clark by 9.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 370,043 shares of the company’s stock valued at $40,753,000 after buying an additional 30,711 shares during the last quarter. Ostrum Asset Management purchased a new position in shares of Kimberly Clark in the 1st quarter valued at $274,000. Natixis grew its position in shares of Kimberly Clark by 78.6% in the 1st quarter. Natixis now owns 61,868 shares of the company’s stock valued at $6,814,000 after buying an additional 27,226 shares during the last quarter. Ancora Advisors LLC purchased a new position in shares of Kimberly Clark in the 1st quarter valued at $245,000. Finally, LPL Financial LLC grew its position in shares of Kimberly Clark by 29.8% in the 1st quarter. LPL Financial LLC now owns 331,133 shares of the company’s stock valued at $36,468,000 after buying an additional 76,095 shares during the last quarter. 73.86% of the stock is currently owned by institutional investors.
In other news, insider Aaron Powell sold 1,100 shares of the firm’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the completion of the sale, the insider now owns 1,117 shares in the company, valued at approximately $118,357.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
A number of research analysts recently commented on the stock. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded shares of Kimberly Clark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Barclays set a $104.00 target price on shares of Kimberly Clark and gave the company a “hold” rating in a research report on Monday, October 1st. Goldman Sachs Group downgraded shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 target price on the stock. in a research report on Monday, October 8th. Finally, Societe Generale downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating and dropped their target price for the company from $124.00 to $116.00 in a research report on Wednesday, August 15th. Five equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. Kimberly Clark has an average rating of “Hold” and an average price target of $106.67.
Shares of Kimberly Clark stock opened at $109.14 on Friday. Kimberly Clark Corp has a 1 year low of $97.10 and a 1 year high of $123.77. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the firm posted $1.49 EPS. Kimberly Clark’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.67%. The ex-dividend date was Thursday, September 6th. Kimberly Clark’s payout ratio is currently 64.21%.
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.
Featured Article: How are Outstanding Shares Different from Authorized Shares?
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.