Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Leisure Capital Management

by · The Markets Daily

Leisure Capital Management cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,433 shares of the company’s stock after selling 500 shares during the period. Leisure Capital Management’s holdings in Kimberly-Clark were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMB. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after acquiring an additional 69,794 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of Kimberly-Clark in the second quarter valued at $14,751,000. Swedbank AB boosted its position in shares of Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares during the period. PGGM Investments raised its position in Kimberly-Clark by 84.6% during the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock valued at $3,583,000 after buying an additional 11,882 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Kimberly-Clark by 10.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock worth $8,728,000 after acquiring an additional 6,458 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the topic of a number of research reports. TD Cowen started coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.14.

View Our Latest Stock Report on KMB

Kimberly-Clark Trading Up 0.0 %

Shares of NYSE:KMB traded up $0.04 during trading on Wednesday, hitting $145.27. 409,039 shares of the company’s stock were exchanged, compared to its average volume of 2,088,898. The firm has a 50-day moving average price of $142.83 and a two-hundred day moving average price of $138.08. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30. The firm has a market cap of $48.91 billion, a P/E ratio of 26.69, a PEG ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the previous year, the firm earned $1.65 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.36%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Profile

(Free Report)

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.

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