Juncture Wealth Strategies LLC lowered its holdings in Kimberly Clark Corp (NYSE:KMB) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,200 shares of the company’s stock after selling 700 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Kimberly Clark were worth $597,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. American Century Companies Inc. grew its position in Kimberly Clark by 119.3% in the 1st quarter. American Century Companies Inc. now owns 2,471,772 shares of the company’s stock valued at $306,253,000 after purchasing an additional 1,344,424 shares during the period. Nuveen Asset Management LLC grew its position in Kimberly Clark by 6,220.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,280,245 shares of the company’s stock valued at $170,632,000 after purchasing an additional 1,259,990 shares during the period. Thoroughbred Financial Services LLC grew its position in Kimberly Clark by 13,250.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,072,430 shares of the company’s stock valued at $107,243,000 after purchasing an additional 1,064,397 shares during the period. APG Asset Management N.V. grew its position in Kimberly Clark by 51.9% in the 2nd quarter. APG Asset Management N.V. now owns 2,395,212 shares of the company’s stock valued at $280,325,000 after purchasing an additional 818,574 shares during the period. Finally, AQR Capital Management LLC grew its position in Kimberly Clark by 82.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,778,692 shares of the company’s stock valued at $237,064,000 after purchasing an additional 803,121 shares during the period. 71.86% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on KMB shares. JPMorgan Chase & Co. lifted their price target 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. Morgan Stanley lifted their price target on shares of Kimberly Clark from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Tuesday. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating and set a $150.00 price target for the company in a research report on Monday, September 30th. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Bank of America raised shares of Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Kimberly Clark currently has a consensus rating of “Hold” and an average price target of $136.77.
In other Kimberly Clark news, SVP J. Scott Boston sold 4,834 shares of Kimberly Clark stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $136.26, for a total transaction of $658,680.84. Following the transaction, the senior vice president now directly owns 11,901 shares of the company’s stock, valued at approximately $1,621,630.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of Kimberly Clark stock in a transaction on 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 sale, the senior vice president now owns 17,304 shares in the company, valued at $2,442,805.68. The disclosure for this sale can be found here. Insiders have sold a total of 44,584 shares of company stock worth $6,242,483 over the last ninety days. Insiders own 0.85% of the company’s stock.
KMB traded up $0.56 during mid-day trading on Thursday, reaching $137.91. 108,689 shares of the stock were exchanged, compared to its average volume of 1,814,664. The company has a debt-to-equity ratio of 134.02, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market capitalization of $48.23 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 3.84 and a beta of 0.55. The company has a 50 day moving average price of $138.38 and a two-hundred day moving average price of $133.15. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.50.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.03. The firm had revenue of $4.59 billion for 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 business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.59 EPS. Sell-side analysts expect that Kimberly Clark Corp will post 6.81 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, September 5th. Kimberly Clark’s dividend payout ratio is 62.33%.
About Kimberly Clark
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.
Featured Article: How is a Moving Average Calculated?
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.