Kimberly Clark Corp (KMB) Stake Lessened by Evercore Wealth Management LLC

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.

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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

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

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