Livingston Group Asset Management CO operating as Southport Capital Management trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,812 shares of the company’s stock after selling 620 shares during the quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Kimberly Clark were worth $1,001,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in shares of Kimberly Clark by 9.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 370,043 shares of the company’s stock worth $40,753,000 after purchasing an additional 30,711 shares in the last quarter. Ostrum Asset Management bought a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $274,000. Natixis raised its stake in shares of Kimberly Clark by 78.6% during the 1st quarter. Natixis now owns 61,868 shares of the company’s stock worth $6,814,000 after purchasing an additional 27,226 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Kimberly Clark during the 1st quarter worth approximately $245,000. Finally, LPL Financial LLC raised its stake in shares of Kimberly Clark by 29.8% during the 1st quarter. LPL Financial LLC now owns 331,133 shares of the company’s stock worth $36,468,000 after purchasing an additional 76,095 shares in the last quarter. 73.86% of the stock is currently owned by institutional investors.
In related news, insider Aaron Powell sold 1,100 shares of the stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $105.96, for a total value of $116,556.00. Following the sale, the insider now owns 1,117 shares in the company, valued at approximately $118,357.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.
KMB opened at $109.14 on Friday. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $123.77. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 32.28. The firm has a market capitalization of $39.51 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70.
Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.60 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that Kimberly Clark Corp will post 6.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Friday, September 7th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Thursday, September 6th. Kimberly Clark’s dividend payout ratio (DPR) is presently 64.21%.
A number of brokerages have recently issued reports on KMB. Morgan Stanley upped their price objective on Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, August 31st. ValuEngine upgraded Kimberly Clark from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 18th. JPMorgan Chase & Co. upgraded Kimberly Clark from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $86.00 in a research note on Thursday, August 16th. Deutsche Bank upped their price objective on Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Finally, UBS Group began coverage on Kimberly Clark in a research note on Thursday, July 19th. They set a “sell” rating and a $90.00 price objective on the stock. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $106.67.
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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