Kimberly Clark Corp (NYSE:KMB) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,913 shares of the company’s stock after selling 8,423 shares during the period. M&T Bank Corp’s holdings in Kimberly Clark were worth $20,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Trust Advisors LP raised its position in Kimberly Clark by 4.6% during the second quarter. First Trust Advisors LP now owns 376,086 shares of the company’s stock worth $53,160,000 after acquiring an additional 16,399 shares during the last quarter. Engineers Gate Manager LP acquired a new position in Kimberly Clark during the first quarter worth about $1,099,000. Kwmg LLC raised its position in Kimberly Clark by 7.1% during the second quarter. Kwmg LLC now owns 24,713 shares of the company’s stock worth $3,493,000 after acquiring an additional 1,645 shares during the last quarter. Ellevest Inc. raised its position in Kimberly Clark by 8.3% during the first quarter. Ellevest Inc. now owns 1,802 shares of the company’s stock worth $230,000 after acquiring an additional 138 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Kimberly Clark by 17.1% during the second quarter. State of Alaska Department of Revenue now owns 115,722 shares of the company’s stock worth $16,356,000 after acquiring an additional 16,882 shares during the last quarter. Institutional investors own 71.05% of the company’s stock.

Kimberly Clark stock opened at $152.04 on Friday. Kimberly Clark Corp has a 1 year low of $110.66 and a 1 year high of $152.73. The firm has a 50 day moving average price of $142.68 and a 200 day moving average price of $139.32. The company has a market cap of $51.78 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 3.63 and a beta of 0.49. The company has a debt-to-equity ratio of 14.59, a quick ratio of 0.63 and a current ratio of 0.91.

Kimberly Clark (NYSE:KMB) last released its earnings results on Thursday, July 23rd. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.40. Kimberly Clark had a net margin of 13.58% and a return on equity of 1,319.56%. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Kimberly Clark’s revenue was up .4% compared to the same quarter last year. Sell-side analysts predict that Kimberly Clark Corp will post 7.69 EPS for the current year.

In other Kimberly Clark news, insider Kimberly K. Underhill sold 11,715 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $148.00, for a total transaction of $1,733,820.00. Following the completion of the sale, the insider now directly owns 44,773 shares in the company, valued at $6,626,404. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kimberly K. Underhill sold 4,679 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total transaction of $650,381.00. Following the sale, the insider now owns 42,643 shares of the company’s stock, valued at $5,927,377. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

A number of research firms have recently weighed in on KMB. Royal Bank of Canada reissued a “hold” rating and issued a $149.00 price objective on shares of Kimberly Clark in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly Clark from $151.00 to $158.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. TheStreet raised shares of Kimberly Clark from a “c+” rating to an “a-” rating in a research report on Thursday, July 23rd. Barclays reissued a “buy” rating and issued a $143.00 price objective on shares of Kimberly Clark in a research report on Tuesday, April 7th. Finally, Deutsche Bank boosted their price objective on shares of Kimberly Clark from $143.00 to $145.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $150.10.

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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