Kimberly-Clark (KMB) Shares Sold by Haverford Trust Co.

Haverford Trust Co. reduced its stake in shares of Kimberly-Clark (NYSE:KMB) by 1.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 228,405 shares of the company’s stock after selling 2,936 shares during the period. Haverford Trust Co. owned approximately 0.07% of Kimberly-Clark worth $25,154,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Prospera Financial Services Inc raised its holdings in shares of Kimberly-Clark by 14.6% in the fourth quarter. Prospera Financial Services Inc now owns 3,378 shares of the company’s stock valued at $405,000 after purchasing an additional 431 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Kimberly-Clark by 5.2% in the fourth quarter. Profund Advisors LLC now owns 9,037 shares of the company’s stock valued at $1,090,000 after purchasing an additional 445 shares during the last quarter. ETRADE Capital Management LLC raised its holdings in shares of Kimberly-Clark by 1.9% in the fourth quarter. ETRADE Capital Management LLC now owns 23,896 shares of the company’s stock valued at $2,883,000 after purchasing an additional 454 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in shares of Kimberly-Clark by 1.7% in the fourth quarter. CWA Asset Management Group LLC now owns 26,717 shares of the company’s stock valued at $3,224,000 after purchasing an additional 457 shares during the last quarter. Finally, BerganKDV Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 6.0% in the fourth quarter. BerganKDV Wealth Management LLC now owns 8,574 shares of the company’s stock valued at $1,035,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 75.96% of the company’s stock.

Shares of Kimberly-Clark opened at $103.67 on Friday, according to MarketBeat Ratings. The firm has a market cap of $36.21 billion, a P/E ratio of 16.64, a PEG ratio of 2.10 and a beta of 0.66. Kimberly-Clark has a 1-year low of $97.10 and a 1-year high of $134.29. The company has a debt-to-equity ratio of 10.96, a quick ratio of 0.54 and a current ratio of 0.80.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Monday, April 23rd. The company reported $1.71 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.71. The business had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly-Clark had a net margin of 9.77% and a return on equity of 398.41%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. analysts predict that Kimberly-Clark will post 6.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Investors of record on Friday, June 8th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, June 7th. This represents a $4.00 dividend on an annualized basis and a yield of 3.86%. Kimberly-Clark’s payout ratio is 64.21%.

In other news, Director Robert W. Decherd bought 2,000 shares of the stock in a transaction that occurred on Tuesday, April 24th. The shares were acquired at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the completion of the acquisition, the director now owns 45,444 shares in the company, valued at $4,546,672.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by insiders.

A number of research firms have recently issued reports on KMB. Sanford C. Bernstein reiterated a “market perform” rating and issued a $110.00 price objective (down from $115.00) on shares of Kimberly-Clark in a report on Tuesday, April 24th. TheStreet downgraded shares of Kimberly-Clark from a “b” rating to a “c+” rating in a report on Monday, April 23rd. Barclays reiterated a “hold” rating and issued a $113.00 price objective on shares of Kimberly-Clark in a report on Wednesday, April 25th. Citigroup set a $94.00 price objective on shares of Kimberly-Clark and gave the company a “sell” rating in a report on Tuesday, April 24th. Finally, ValuEngine downgraded shares of Kimberly-Clark from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $119.33.

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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