Camden National Bank Reduces Holdings in Kimberly Clark Corp (NYSE:KMB)

Camden National Bank trimmed its position in shares of Kimberly Clark Corp (NYSE:KMB) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,381 shares of the company’s stock after selling 478 shares during the quarter. Kimberly Clark makes up approximately 2.0% of Camden National Bank’s investment portfolio, making the stock its 24th largest position. Camden National Bank’s holdings in Kimberly Clark were worth $9,145,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Northside Capital Management LLC purchased a new stake in Kimberly Clark in the 3rd quarter valued at $270,000. Truvestments Capital LLC grew its holdings in Kimberly Clark by 13.6% in the 3rd quarter. Truvestments Capital LLC now owns 11,426 shares of the company’s stock valued at $1,623,000 after buying an additional 1,369 shares in the last quarter. Cypress Capital Group grew its holdings in Kimberly Clark by 3.3% in the 3rd quarter. Cypress Capital Group now owns 11,050 shares of the company’s stock valued at $1,570,000 after buying an additional 352 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Kimberly Clark by 14.0% in the 3rd quarter. Pacer Advisors Inc. now owns 40,730 shares of the company’s stock valued at $5,786,000 after buying an additional 5,011 shares in the last quarter. Finally, We Are One Seven LLC grew its holdings in Kimberly Clark by 2.2% in the 3rd quarter. We Are One Seven LLC now owns 8,318 shares of the company’s stock valued at $1,182,000 after buying an additional 178 shares in the last quarter. Institutional investors own 71.86% of the company’s stock.

In related news, insider Aaron Powell sold 3,964 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $137.95, for a total transaction of $546,833.80. Following the transaction, the insider now owns 5,780 shares of the company’s stock, valued at approximately $797,351. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $141.17, for a total value of $3,788,861.63. Following the transaction, the senior vice president now directly owns 17,304 shares in the company, valued at approximately $2,442,805.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,584 shares of company stock worth $6,242,483. 0.85% of the stock is owned by corporate insiders.



Shares of Kimberly Clark stock traded down $0.26 during trading hours on Friday, hitting $137.63. The company’s stock had a trading volume of 107,042 shares, compared to its average volume of 1,744,401. Kimberly Clark Corp has a twelve month low of $100.32 and a twelve month high of $143.50. The firm has a fifty day moving average of $138.33 and a 200-day moving average of $133.23. The stock has a market cap of $47.45 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 3.75 and a beta of 0.55. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81.

Kimberly Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. Kimberly Clark had a return on equity of 27,094.12% and a net margin of 9.80%. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, sell-side analysts expect that Kimberly Clark Corp will post 6.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target on the stock in a research note on Monday, September 30th. Morgan Stanley upped their price target on Kimberly Clark from $147.00 to $149.00 and gave the company an “equal weight” rating in a research note on Tuesday. Bank of America raised Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Friday, September 27th. Finally, Deutsche Bank upped their price target on Kimberly Clark from $113.00 to $122.00 and gave the company a “sell” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Kimberly Clark presently has an average rating of “Hold” and a consensus target price of $136.77.

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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