Evercore Wealth Management LLC trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,572 shares of the company’s stock after selling 1,396 shares during the period. Evercore Wealth Management LLC’s holdings in Kimberly Clark were worth $1,656,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Kimberly Clark in the second quarter valued at approximately $40,577,000. PVG Asset Management Corp lifted its holdings in Kimberly Clark by 159.8% during the 2nd quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock worth $1,135,000 after purchasing an additional 6,633 shares during the last quarter. MAI Capital Management lifted its holdings in Kimberly Clark by 22.7% during the 2nd quarter. MAI Capital Management now owns 3,206 shares of the company’s stock worth $338,000 after purchasing an additional 593 shares during the last quarter. Cleararc Capital Inc. lifted its holdings in Kimberly Clark by 254.1% during the 2nd quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock worth $3,345,000 after purchasing an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in Kimberly Clark by 87.7% during the 2nd quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock worth $406,000 after purchasing an additional 1,801 shares during the last quarter. 72.10% of the stock is owned by institutional investors.
In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now owns 6,432 shares in the company, valued at approximately $739,680. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total value of $111,180.00. Following the transaction, the senior vice president now owns 4,132 shares in the company, valued at approximately $459,395.76. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.
Kimberly Clark stock opened at $113.50 on Friday. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.50. The company has a debt-to-equity ratio of 51.24, a quick ratio of 0.49 and a current ratio of 0.75. The firm has a market cap of $39.10 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 2.74 and a beta of 0.69.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, October 22nd. The company reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a return on equity of 535.49% and a net margin of 8.74%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter last year, the company earned $1.60 EPS. The company’s revenue was down 1.8% on a year-over-year basis. Equities research analysts expect that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a yield of 3.52%. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
Several analysts recently weighed in on the company. ValuEngine raised Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Goldman Sachs Group cut Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price target for the company. in a report on Monday, October 8th. Deutsche Bank lifted their price target on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Barclays set a $104.00 price target on Kimberly Clark and gave the stock a “hold” rating in a report on Monday, October 1st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $100.00 price target on shares of Kimberly Clark in a report on Monday, October 22nd. Five research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $105.64.
TRADEMARK VIOLATION NOTICE: “Kimberly Clark Corp (KMB) Stake Lessened by Evercore Wealth Management LLC” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/12/08/kimberly-clark-corp-kmb-stake-lessened-by-evercore-wealth-management-llc.html.
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.
See Also: Dollar Cost Averaging
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.