Sabal Trust CO reduced its stake in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 54.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,692 shares of the company's stock after selling 3,165 shares during the period. Sabal Trust CO's holdings in Kimberly-Clark were worth $364,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Great Lakes Advisors LLC boosted its position in shares of Kimberly-Clark by 1.7% during the first quarter. Great Lakes Advisors LLC now owns 4,389 shares of the company's stock worth $541,000 after buying an additional 73 shares during the period. OLD Second National Bank of Aurora boosted its position in shares of Kimberly-Clark by 12.6% during the first quarter. OLD Second National Bank of Aurora now owns 663 shares of the company's stock worth $81,000 after buying an additional 74 shares during the period. Orca Investment Management LLC boosted its position in shares of Kimberly-Clark by 3.3% during the first quarter. Orca Investment Management LLC now owns 2,413 shares of the company's stock worth $297,000 after buying an additional 76 shares during the period. Retirement Planning Co of New England Inc. boosted its position in shares of Kimberly-Clark by 1.0% during the first quarter. Retirement Planning Co of New England Inc. now owns 7,465 shares of the company's stock worth $919,000 after buying an additional 76 shares during the period. Finally, Bank OZK raised its holdings in Kimberly-Clark by 2.3% during the first quarter. Bank OZK now owns 3,535 shares of the company's stock worth $435,000 after purchasing an additional 78 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.
Get Kimberly-Clark alerts:Kimberly-Clark Price Performance
Shares of NYSE:KMB opened at $120.29 on Monday. The company's fifty day moving average is $130.26 and its two-hundred day moving average is $130.24. The company has a quick ratio of 0.47, a current ratio of 0.79 and a debt-to-equity ratio of 10.37. Kimberly-Clark Co. has a 12-month low of $117.32 and a 12-month high of $145.79. The company has a market cap of $40.61 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 4.16 and a beta of 0.31.
Kimberly-Clark (NYSE:KMB – Get Rating) last announced its earnings results on Tuesday, July 26th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). Kimberly-Clark had a net margin of 8.87% and a return on equity of 249.60%. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the firm earned $1.47 earnings per share. Kimberly-Clark's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts expect that Kimberly-Clark Co. will post 5.64 earnings per share for the current fiscal year.Kimberly-Clark Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Friday, September 9th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Thursday, September 8th. Kimberly-Clark's dividend payout ratio is currently 87.71%.
Analysts Set New Price Targets
Several brokerages recently commented on KMB. StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Friday, July 22nd. UBS Group boosted their target price on Kimberly-Clark from $136.00 to $142.00 and gave the stock a "neutral" rating in a report on Wednesday, July 27th. Finally, Bank of America started coverage on Kimberly-Clark in a report on Wednesday, September 14th. They set a "neutral" rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of "Hold" and an average target price of $131.15.
Kimberly-Clark Company Profile
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Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, swimpants, training and youth pants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.
Further Reading
- Get a free copy of the StockNews.com research report on Kimberly-Clark (KMB)
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