NuWave Investment Management LLC Sells 1,888 Shares of Kimberly Clark Corp (NYSE:KMB)

NuWave Investment Management LLC lessened its position in shares of Kimberly Clark Corp (NYSE:KMB) by 80.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 457 shares of the company’s stock after selling 1,888 shares during the period. NuWave Investment Management LLC’s holdings in Kimberly Clark were worth $63,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. raised its position in shares of Kimberly Clark by 2.2% in the second quarter. Daiwa Securities Group Inc. now owns 13,837 shares of the company’s stock valued at $1,844,000 after buying an additional 300 shares in the last quarter. Eaton Vance Management raised its position in Kimberly Clark by 38.0% during the second quarter. Eaton Vance Management now owns 126,822 shares of the company’s stock valued at $16,903,000 after purchasing an additional 34,895 shares in the last quarter. Advisor Partners LLC raised 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 valued at $1,684,000 after purchasing an additional 318 shares in the last quarter. Beaumont Financial Partners LLC raised 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 valued at $903,000 after purchasing an additional 489 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new position in Kimberly Clark during the second quarter valued at approximately $222,000. Institutional investors own 71.93% of the company’s stock.

Shares of NYSE:KMB traded up $0.61 during trading on Friday, hitting $136.23. 68,760 shares of the company were exchanged, compared to its average volume of 1,564,520. The business’s 50 day moving average is $137.73 and its 200-day moving average is $133.68. The company has a market capitalization of $46.07 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.67 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 134.02. Kimberly Clark Corp has a 1-year low of $100.32 and a 1-year high of $143.50.

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, topping the consensus estimate of $1.64 by $0.03. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. As a group, sell-side analysts anticipate that Kimberly Clark Corp will post 6.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $4.12 annualized dividend and a dividend yield of 3.02%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

In related news, insider Aaron Powell sold 3,964 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $137.95, for a total value of $546,833.80. Following the sale, the insider now owns 5,780 shares of the company’s stock, valued at $797,351. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Achal Agarwal sold 8,947 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $139.50, for a total transaction of $1,248,106.50. Following the completion of 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. Insiders have sold 44,584 shares of company stock valued at $6,242,483 over the last quarter. Company insiders own 0.85% of the company’s stock.

Several research analysts have commented on KMB shares. Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Wells Fargo & Co boosted their price objective on shares of Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a research report on Tuesday. Barclays upgraded shares of Kimberly Clark from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $144.00 to $152.00 in a research report on Monday, September 23rd. Finally, Bank of America upgraded shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $136.92.

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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