LS Investment Advisors LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 77.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,908 shares of the company’s stock after selling 38,456 shares during the quarter. LS Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,459,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bogart Wealth LLC acquired a new position in shares of Kimberly-Clark in the second quarter worth about $27,000. Certified Advisory Corp purchased a new stake in shares of Kimberly-Clark in the first quarter worth approximately $29,000. SRS Capital Advisors Inc. purchased a new stake in shares of Kimberly-Clark in the second quarter worth approximately $36,000. Meridian Wealth Partners LLC lifted its position in shares of Kimberly-Clark by 67.9% in the first quarter. Meridian Wealth Partners LLC now owns 314 shares of the company’s stock worth $43,000 after purchasing an additional 127 shares in the last quarter. Finally, Rockbridge Investment Management LCC lifted its position in shares of Kimberly-Clark by 45.3% in the second quarter. Rockbridge Investment Management LCC now owns 481 shares of the company’s stock worth $64,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 71.37% of the company’s stock.
In other Kimberly-Clark news, insider Kimberly K. Underhill sold 19,018 shares of the stock in a transaction on Monday, July 26th. The stock was sold at an average price of $135.84, for a total transaction of $2,583,405.12. Following the sale, the insider now directly owns 62,042 shares in the company, valued at approximately $8,427,785.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Aaron Powell sold 29,534 shares of the stock in a transaction on Tuesday, August 17th. The shares were sold at an average price of $139.51, for a total value of $4,120,288.34. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.
Kimberly-Clark (NYSE:KMB) last posted its earnings results on Thursday, July 22nd. The company reported $1.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.24). Kimberly-Clark had a return on equity of 308.07% and a net margin of 10.53%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.77 billion. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Kimberly-Clark’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts expect that Kimberly-Clark Co. will post 6.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 4th. Stockholders of record on Friday, September 10th will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, September 9th. Kimberly-Clark’s payout ratio is currently 58.91%.
KMB has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $137.00 to $139.00 and gave the company a “hold” rating in a research report on Friday, July 9th. Royal Bank of Canada lowered their price objective on shares of Kimberly-Clark from $137.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Monday, July 26th. UBS Group began coverage on shares of Kimberly-Clark in a research note on Wednesday, June 23rd. They issued a “neutral” rating and a $135.00 price objective on the stock. Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 price target on the stock in a research note on Monday, June 28th. Finally, HSBC started coverage on Kimberly-Clark in a report on Thursday, September 9th. They issued a “hold” rating and a $131.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $141.67.
Kimberly-Clark Company Profile
Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.
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