Toronto Dominion Bank Grows Stock Position in Kimberly Clark Corp (NYSE:KMB)

Toronto Dominion Bank lifted its position in Kimberly Clark Corp (NYSE:KMB) by 50.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,082 shares of the company’s stock after acquiring an additional 129,822 shares during the period. Toronto Dominion Bank owned 0.11% of Kimberly Clark worth $51,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KMB. Daiwa Securities Group Inc. grew its stake in Kimberly Clark by 2.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock valued at $1,844,000 after acquiring an additional 300 shares in the last quarter. Advisor Partners LLC lifted its position in Kimberly Clark by 2.6% during the second quarter. Advisor Partners LLC now owns 12,634 shares of the company’s stock worth $1,684,000 after buying an additional 318 shares in the last quarter. Beaumont Financial Partners LLC lifted its position in Kimberly Clark by 7.8% during the second quarter. Beaumont Financial Partners LLC now owns 6,772 shares of the company’s stock worth $903,000 after buying an additional 489 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new position in Kimberly Clark during the second quarter worth $222,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Kimberly Clark by 98.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 183,332 shares of the company’s stock worth $24,693,000 after buying an additional 90,873 shares during the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $141.17, for a total value of $3,788,861.63. Following the completion of the transaction, the senior vice president now owns 17,304 shares in the company, valued at $2,442,805.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Achal Agarwal sold 8,947 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $139.50, for a total value of $1,248,106.50. Following the sale, the insider now directly owns 57,103 shares in the company, valued at approximately $7,965,868.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,584 shares of company stock worth $6,242,483. 0.85% of the stock is owned by company insiders.



A number of brokerages have issued reports on KMB. Deutsche Bank raised their target price on Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a research note on Monday, June 17th. ValuEngine cut shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a report on Thursday, August 22nd. Wells Fargo & Co restated a “hold” rating and set a $130.00 price objective on shares of Kimberly Clark in a research report on Tuesday, July 23rd. Finally, Barclays reaffirmed a “hold” rating on shares of Kimberly Clark in a research note on Sunday, July 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $130.20.

Shares of NYSE:KMB traded up $0.01 during midday trading on Wednesday, reaching $131.16. 172,562 shares of the company’s stock were exchanged, compared to its average volume of 1,531,940. The firm’s 50 day simple moving average is $138.59 and its two-hundred day simple moving average is $130.43. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market cap of $45.86 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.57 and a beta of 0.54. Kimberly Clark Corp has a fifty-two week low of $100.32 and a fifty-two week high of $143.16.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating 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 company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Kimberly Clark’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts predict that Kimberly Clark Corp will post 6.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, September 5th. This represents a $4.12 dividend on an annualized basis and a yield of 3.14%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

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.

Recommended Story: Different Options Trading Strategies

Institutional Ownership by Quarter for Kimberly Clark (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.