Community Bank & Trust Waco Texas Lowers Holdings in Kimberly Clark Corp (KMB)

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Community Bank & Trust Waco Texas lessened its position in shares of Kimberly Clark Corp (NYSE:KMB) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,824 shares of the company’s stock after selling 2,696 shares during the period. Community Bank & Trust Waco Texas’ holdings in Kimberly Clark were worth $1,772,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings in Kimberly Clark by 311.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,444,035 shares of the company’s stock worth $269,160,000 after purchasing an additional 1,850,080 shares in the last quarter. Schroder Investment Management Group increased its holdings in Kimberly Clark by 4.9% during the 1st quarter. Schroder Investment Management Group now owns 2,297,865 shares of the company’s stock worth $253,064,000 after purchasing an additional 107,275 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Kimberly Clark by 16.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,122,458 shares of the company’s stock worth $233,747,000 after purchasing an additional 294,774 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Kimberly Clark by 94.1% during the 4th quarter. Two Sigma Advisers LP now owns 2,050,420 shares of the company’s stock worth $247,404,000 after purchasing an additional 993,961 shares in the last quarter. Finally, Valueinvest Asset Management S.A. increased its holdings in Kimberly Clark by 4.3% during the 1st quarter. Valueinvest Asset Management S.A. now owns 1,826,400 shares of the company’s stock worth $201,141,000 after purchasing an additional 75,000 shares in the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.

In other news, Director Robert W. Decherd bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 24th. The stock was acquired at an average cost of $100.05 per share, for a total transaction of $200,100.00. Following the purchase, the director now owns 45,444 shares of the company’s stock, valued at approximately $4,546,672.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sandra Macquillan sold 3,045 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $105.63, for a total transaction of $321,643.35. Following the completion of the sale, the senior vice president now owns 5,642 shares of the company’s stock, valued at $595,964.46. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

A number of research firms have issued reports on KMB. Barclays set a $119.00 target price on Kimberly Clark and gave the stock a “hold” rating in a report on Thursday, March 15th. Zacks Investment Research upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Wednesday, April 11th. ValuEngine cut Kimberly Clark from a “hold” rating to a “sell” rating in a report on Monday, April 23rd. Royal Bank of Canada restated an “in-line” rating on shares of Kimberly Clark in a report on Tuesday, April 24th. Finally, Citigroup set a $94.00 price objective on Kimberly Clark and gave the company a “sell” rating in a report on Tuesday, April 24th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and an average price target of $113.64.

NYSE:KMB traded up $0.08 during mid-day trading on Friday, hitting $106.85. The stock had a trading volume of 1,990,938 shares, compared to its average volume of 2,432,002. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $127.94. The company has a market capitalization of $36.54 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 2.19 and a beta of 0.68. 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 (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. Kimberly Clark had a net margin of 9.77% and a return on equity of 398.41%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same period last year, the business posted $1.57 EPS. Kimberly Clark’s revenue was up 5.0% on a year-over-year basis. equities analysts forecast that Kimberly Clark Corp will post 6.86 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 3rd. Investors of record on Friday, June 8th were paid a $1.00 dividend. The ex-dividend date was Thursday, June 7th. This represents a $4.00 annualized dividend and a yield of 3.74%. Kimberly Clark’s dividend payout ratio (DPR) is currently 64.21%.

About Kimberly Clark

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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