Kimberly Clark Corp (KMB) Shares Sold by Comerica Bank

Comerica Bank reduced its holdings in Kimberly Clark Corp (NYSE:KMB) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,362 shares of the company’s stock after selling 2,927 shares during the period. Comerica Bank owned approximately 0.07% of Kimberly Clark worth $29,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KMB. Martin Investment Management LLC bought a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $443,000. Capital Research Global Investors raised its stake in shares of Kimberly Clark by 46.6% during the 2nd quarter. Capital Research Global Investors now owns 10,037,901 shares of the company’s stock worth $1,295,993,000 after acquiring an additional 3,191,549 shares in the last quarter. Pax World Management LLC raised its stake in shares of Kimberly Clark by 7.7% during the 2nd quarter. Pax World Management LLC now owns 2,784 shares of the company’s stock worth $359,000 after acquiring an additional 200 shares in the last quarter. Boston Family Office LLC raised its stake in shares of Kimberly Clark by 0.8% during the 2nd quarter. Boston Family Office LLC now owns 11,588 shares of the company’s stock worth $1,496,000 after acquiring an additional 90 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in shares of Kimberly Clark by 80.0% during the 2nd quarter. Strategy Asset Managers LLC now owns 3,128 shares of the company’s stock worth $404,000 after acquiring an additional 1,390 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Kimberly Clark Corp (KMB) traded up $2.13 during trading on Thursday, reaching $114.86. 736,036 shares of the company traded hands, compared to its average volume of 2,771,999. Kimberly Clark Corp has a 52-week low of $109.51 and a 52-week high of $136.21. The firm has a market capitalization of $40,290.00, a PE ratio of 17.95, a P/E/G ratio of 2.04 and a beta of 0.66. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 7.34.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 23rd. The company reported $1.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly Clark had a net margin of 12.48% and a return on equity of 427.79%. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter last year, the firm posted $1.45 earnings per share. Kimberly Clark’s revenue was up .8% compared to the same quarter last year. research analysts anticipate that Kimberly Clark Corp will post 6.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $1.00 dividend. This is a positive change from Kimberly Clark’s previous quarterly dividend of $0.97. The ex-dividend date is Thursday, March 8th. This represents a $4.00 annualized dividend and a dividend yield of 3.48%. Kimberly Clark’s dividend payout ratio (DPR) is presently 60.63%.

In other news, insider Kimberly K. Underhill sold 23,158 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $119.77, for a total value of $2,773,633.66. Following the completion of the transaction, the insider now owns 31,141 shares of the company’s stock, valued at $3,729,757.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

KMB has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Kimberly Clark from $123.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday, October 24th. JPMorgan Chase & Co. lowered shares of Kimberly Clark from a “neutral” rating to an “underweight” rating and cut their price target for the company from $115.55 to $100.00 in a research note on Friday, October 20th. Citigroup cut their price target on shares of Kimberly Clark from $125.00 to $124.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Wells Fargo & Co dropped their price objective on shares of Kimberly Clark from $121.00 to $117.00 and set a “market perform” rating on the stock in a report on Tuesday, October 24th. Finally, Deutsche Bank began coverage on shares of Kimberly Clark in a report on Wednesday, December 13th. They issued a “hold” rating and a $121.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $126.44.

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Kimberly Clark Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

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

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