HBK Sorce Advisory LLC Cuts Stock Position in Kimberly Clark Corp (NYSE:KMB)

HBK Sorce Advisory LLC cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 11.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,499 shares of the company’s stock after selling 854 shares during the period. HBK Sorce Advisory LLC’s holdings in Kimberly Clark were worth $893,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KMB. Krane Funds Advisors LLC purchased a new stake in Kimberly Clark during the second quarter worth about $25,000. HMS Capital Management LLC acquired a new position in shares of Kimberly Clark during the second quarter worth about $28,000. SRS Capital Advisors Inc. acquired a new position in shares of Kimberly Clark during the second quarter worth about $33,000. Manchester Financial Inc. acquired a new position in shares of Kimberly Clark during the second quarter worth about $34,000. Finally, Mirova acquired a new position in shares of Kimberly Clark during the second quarter worth about $34,000. Institutional investors own 71.86% of the company’s stock.

A number of equities analysts have recently commented on the company. ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank boosted their price objective on Kimberly Clark from $113.00 to $122.00 and gave the stock a “sell” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. boosted their price objective on Kimberly Clark from $151.00 to $152.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Barclays reissued a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Finally, Atlantic Securities raised Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $130.20.



In other news, insider Aaron Powell sold 3,964 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $137.95, for a total value of $546,833.80. Following the completion of the sale, the insider now directly owns 5,780 shares of the company’s stock, valued at $797,351. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders sold 44,584 shares of company stock valued at $6,242,483 over the last three months. Corporate insiders own 0.85% of the company’s stock.

KMB traded up $1.39 on Wednesday, reaching $133.31. The company’s stock had a trading volume of 58,638 shares, compared to its average volume of 1,641,685. The stock has a 50 day moving average of $138.02 and a two-hundred day moving average of $130.82. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. The company has a market capitalization of $45.57 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 3.55 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 announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.03. The firm had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 earnings per share. As a group, analysts anticipate that Kimberly Clark Corp will post 6.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Thursday, September 5th. Kimberly Clark’s payout ratio is currently 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.

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

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