Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Tobam

Tobam cut its holdings in Kimberly-Clark Co. (NYSE:KMBFree Report) by 55.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,752 shares of the company’s stock after selling 3,477 shares during the quarter. Tobam’s holdings in Kimberly-Clark were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Kimberly-Clark by 6.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,484 shares of the company’s stock valued at $1,097,000 after purchasing an additional 489 shares in the last quarter. Rockline Wealth Management LLC grew its position in Kimberly-Clark by 3.7% during the first quarter. Rockline Wealth Management LLC now owns 14,168 shares of the company’s stock worth $1,833,000 after buying an additional 502 shares during the period. Hussman Strategic Advisors Inc. increased its holdings in Kimberly-Clark by 13.3% in the first quarter. Hussman Strategic Advisors Inc. now owns 35,700 shares of the company’s stock valued at $4,618,000 after buying an additional 4,200 shares in the last quarter. Capital Investment Counsel Inc lifted its position in shares of Kimberly-Clark by 0.8% during the 1st quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after acquiring an additional 75 shares during the period. Finally, Connecticut Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 4.6% during the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. The Goldman Sachs Group increased their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, HSBC increased their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $141.64.

Read Our Latest Report on Kimberly-Clark

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Stock Performance

NYSE:KMB traded up $0.64 during trading hours on Monday, reaching $138.93. 43,040 shares of the stock were exchanged, compared to its average volume of 2,124,505. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $142.20. The firm has a 50 day simple moving average of $136.15 and a 200-day simple moving average of $128.19. The stock has a market capitalization of $46.78 billion, a P/E ratio of 25.42, a P/E/G ratio of 3.12 and a beta of 0.37.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the firm earned $1.67 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.06 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Kimberly-Clark Company 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.

See Also

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

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