Kimberly Clark Corp (KMB) Position Lowered by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in Kimberly Clark Corp (NYSE:KMB) by 2.6% during the first quarter, HoldingsChannel.com reports. The firm owned 8,800 shares of the company’s stock after selling 239 shares during the period. OLD National Bancorp IN’s holdings in Kimberly Clark were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Horan Capital Advisors LLC. bought a new position in Kimberly Clark in the first quarter valued at about $25,000. Phocas Financial Corp. bought a new stake in shares of Kimberly Clark during the fourth quarter worth about $28,000. Proficio Capital Partners LLC grew its holdings in shares of Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after purchasing an additional 110 shares during the last quarter. First Mercantile Trust Co. grew its holdings in shares of Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of Kimberly Clark during the fourth quarter worth about $33,000. Institutional investors own 73.60% of the company’s stock.

In related news, SVP Sandra Macquillan sold 6,774 shares of Kimberly Clark stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $124.87, for a total value of $845,869.38. Following the transaction, the senior vice president now directly owns 15,287 shares of the company’s stock, valued at $1,908,887.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Aaron Powell sold 6,986 shares of Kimberly Clark stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $127.02, for a total value of $887,361.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 397,777 shares of company stock worth $50,121,049. 0.85% of the stock is owned by insiders.



Kimberly Clark stock opened at $127.55 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24. The company has a market capitalization of $44.01 billion, a P/E ratio of 19.30, a P/E/G ratio of 3.73 and a beta of 0.61. Kimberly Clark Corp has a one year low of $99.36 and a one year high of $132.47.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.12. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. Equities analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Thursday, June 6th. Kimberly Clark’s dividend payout ratio is currently 62.33%.

Several analysts have recently weighed in on KMB shares. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a report on Monday, April 15th. Argus upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Tuesday, April 23rd. ValuEngine upgraded Kimberly Clark from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Morgan Stanley boosted their price target on Kimberly Clark from $113.00 to $124.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, Barclays restated a “hold” rating and set a $109.00 price target on shares of Kimberly Clark in a report on Friday, January 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $120.24.

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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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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).

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

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