Fiduciary Trust Co. Reduces Stake in Kimberly Clark Corp (NYSE:KMB)

Fiduciary Trust Co. cut its position in Kimberly Clark Corp (NYSE:KMB) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,035 shares of the company’s stock after selling 728 shares during the quarter. Fiduciary Trust Co.’s holdings in Kimberly Clark were worth $2,978,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc increased its position in Kimberly Clark by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 26,068,811 shares of the company’s stock worth $2,962,461,000 after purchasing an additional 264,393 shares in the last quarter. BlackRock Inc. increased its position in Kimberly Clark by 3.4% in the 4th quarter. BlackRock Inc. now owns 24,634,126 shares of the company’s stock valued at $2,806,813,000 after acquiring an additional 800,098 shares during the period. Massachusetts Financial Services Co. MA increased its position in Kimberly Clark by 0.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,183,043 shares of the company’s stock valued at $590,557,000 after acquiring an additional 47,837 shares during the period. Oregon Public Employees Retirement Fund increased its position in Kimberly Clark by 11,155.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,310,008 shares of the company’s stock valued at $38,000 after acquiring an additional 4,271,714 shares during the period. Finally, Geode Capital Management LLC increased its position in Kimberly Clark by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 4,135,213 shares of the company’s stock valued at $470,390,000 after acquiring an additional 308,810 shares during the period. Institutional investors own 71.34% of the company’s stock.

Shares of KMB stock traded up $0.33 on Friday, hitting $137.65. The stock had a trading volume of 1,286,882 shares, compared to its average volume of 1,763,075. The company has a market cap of $46.86 billion, a P/E ratio of 20.82, a P/E/G ratio of 3.97 and a beta of 0.57. The company has a debt-to-equity ratio of 51.24, a current ratio of 0.73 and a quick ratio of 0.47. Kimberly Clark Corp has a 12-month low of $99.36 and a 12-month high of $138.42.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings data on Monday, April 22nd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.12. Kimberly Clark had a net margin of 9.63% and a return on equity of 5,637.04%. The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.55 billion. During the same quarter last year, the company posted $1.71 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts expect that Kimberly Clark Corp will post 6.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $4.12 dividend on an annualized basis and a yield of 2.99%. Kimberly Clark’s dividend payout ratio is presently 62.33%.

In other Kimberly Clark news, SVP Sandra Macquillan sold 6,774 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total transaction of $845,869.38. Following the completion of the transaction, the senior vice president now owns 15,287 shares in the company, valued at $1,908,887.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP J. Scott Boston sold 16,836 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $126.20, for a total transaction of $2,124,703.20. Following the transaction, the senior vice president now owns 23,849 shares of the company’s stock, valued at approximately $3,009,743.80. The disclosure for this sale can be found here. Insiders have sold 446,313 shares of company stock valued at $56,436,155 in the last quarter. Company insiders own 0.85% of the company’s stock.

Several brokerages have issued reports on KMB. ValuEngine upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Zacks Investment Research upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $141.00 price target for the company in a research report on Thursday, April 25th. Citigroup upped their price target on shares of Kimberly Clark from $102.00 to $116.00 and gave the company a “sell” rating in a research report on Tuesday, April 23rd. Argus upgraded shares of Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Tuesday, April 23rd. Finally, Macquarie raised shares of Kimberly Clark from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $102.00 to $142.00 in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $120.24.

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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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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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