Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Fort L.P.

Fort L.P. lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMBGet Rating) by 45.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,259 shares of the company’s stock after selling 3,542 shares during the quarter. Fort L.P.’s holdings in Kimberly-Clark were worth $609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Kimberly-Clark by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,482,870 shares of the company’s stock worth $991,030,000 after buying an additional 2,363,092 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Kimberly-Clark by 602.4% in the third quarter. Capital Research Global Investors now owns 7,128,431 shares of the company’s stock valued at $944,089,000 after acquiring an additional 6,113,540 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimberly-Clark by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,483,882 shares of the company’s stock valued at $724,406,000 after acquiring an additional 38,402 shares in the last quarter. Morgan Stanley boosted its holdings in Kimberly-Clark by 23.4% during the second quarter. Morgan Stanley now owns 3,816,069 shares of the company’s stock worth $510,514,000 after buying an additional 723,357 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Kimberly-Clark by 59.1% during the third quarter. Invesco Ltd. now owns 3,515,560 shares of the company’s stock worth $465,601,000 after buying an additional 1,306,444 shares in the last quarter. 74.32% of the stock is currently owned by institutional investors.

In other news, insider Tristram Wilkinson sold 2,069 shares of the business’s stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $137.17, for a total transaction of $283,804.73. Following the completion of the sale, the insider now owns 14,102 shares in the company, valued at $1,934,371.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael D. Hsu sold 41,698 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $140.08, for a total value of $5,841,055.84. Following the completion of the transaction, the chief executive officer now directly owns 89,593 shares of the company’s stock, valued at $12,550,187.44. The disclosure for this sale can be found here. Insiders have sold a total of 62,696 shares of company stock valued at $8,807,911 over the last ninety days. Company insiders own 0.55% of the company’s stock.

KMB traded down $3.51 during trading on Wednesday, hitting $135.15. The stock had a trading volume of 24,057 shares, compared to its average volume of 2,508,058. The firm has a market capitalization of $45.54 billion, a P/E ratio of 26.72, a PEG ratio of 4.78 and a beta of 0.37. Kimberly-Clark Co. has a twelve month low of $117.32 and a twelve month high of $145.79. The company’s 50-day moving average price is $129.13 and its 200 day moving average price is $133.53. The company has a debt-to-equity ratio of 9.49, a quick ratio of 0.50 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMBGet Rating) last released its quarterly earnings results on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.12. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the business earned $1.80 EPS. Kimberly-Clark’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Co. will post 5.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $4.64 dividend on an annualized basis and a yield of 3.43%. Kimberly-Clark’s payout ratio is presently 89.40%.

Several brokerages recently issued reports on KMB. Wells Fargo & Company increased their price objective on Kimberly-Clark from $128.00 to $135.00 and gave the stock an “equal weight” rating in a report on Monday, April 25th. Morgan Stanley increased their target price on Kimberly-Clark from $133.00 to $137.00 and gave the company an “equal weight” rating in a research note on Monday, April 25th. Citigroup raised their target price on Kimberly-Clark from $113.00 to $119.00 and gave the stock a “sell” rating in a research report on Thursday, January 27th. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $130.00 to $138.00 in a report on Monday, April 25th. Finally, Zacks Investment Research raised Kimberly-Clark from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a research note on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.69.

Kimberly-Clark Company Profile (Get Rating)

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.

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

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