Greenleaf Trust Cuts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Greenleaf Trust cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,957 shares of the company’s stock after selling 258 shares during the period. Greenleaf Trust’s holdings in Kimberly-Clark were worth $1,466,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Creative Financial Designs Inc. ADV increased its stake in Kimberly-Clark by 8.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 932 shares of the company’s stock worth $125,000 after purchasing an additional 75 shares during the period. Stonebridge Capital Advisors LLC increased its stake in Kimberly-Clark by 1.7% during the first quarter. Stonebridge Capital Advisors LLC now owns 4,671 shares of the company’s stock worth $650,000 after purchasing an additional 80 shares during the period. CX Institutional increased its stake in Kimberly-Clark by 1.5% during the second quarter. CX Institutional now owns 5,320 shares of the company’s stock worth $712,000 after purchasing an additional 81 shares during the period. Frisch Financial Group Inc. increased its stake in Kimberly-Clark by 5.1% during the first quarter. Frisch Financial Group Inc. now owns 1,737 shares of the company’s stock worth $242,000 after purchasing an additional 84 shares during the period. Finally, MAI Capital Management increased its stake in Kimberly-Clark by 0.5% during the second quarter. MAI Capital Management now owns 17,966 shares of the company’s stock worth $2,403,000 after purchasing an additional 91 shares during the period. Institutional investors own 71.37% of the company’s stock.

KMB has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Kimberly-Clark from a “sell” rating to a “hold” rating and set a $141.00 target price on the stock in a research note on Monday, June 28th. Jefferies Financial Group upped their target price on shares of Kimberly-Clark from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, July 19th. HSBC initiated coverage on shares of Kimberly-Clark in a research note on Thursday, September 9th. They set a “hold” rating and a $131.00 target price on the stock. UBS Group assumed coverage on shares of Kimberly-Clark in a research note on Wednesday, June 23rd. They set a “neutral” rating and a $135.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $137.00 to $139.00 and gave the company a “hold” rating in a report on Friday, July 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.67.

Shares of KMB stock traded up $0.71 during trading hours on Friday, hitting $136.65. The stock had a trading volume of 12,302 shares, compared to its average volume of 2,235,577. The firm has a market capitalization of $46.02 billion, a PE ratio of 23.16, a PEG ratio of 4.07 and a beta of 0.54. Kimberly-Clark Co. has a twelve month low of $128.02 and a twelve month high of $155.45. The stock’s 50 day moving average is $136.67 and its 200 day moving average is $134.62. The company has a debt-to-equity ratio of 10.01, a current ratio of 0.77 and a quick ratio of 0.48.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Thursday, July 22nd. The company reported $1.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.24). The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.77 billion. Kimberly-Clark had a net margin of 10.53% and a return on equity of 308.07%. Kimberly-Clark’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 earnings per share. As a group, equities analysts predict that Kimberly-Clark Co. will post 6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 4th. Investors of record on Friday, September 10th will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, September 9th. Kimberly-Clark’s dividend payout ratio is presently 58.91%.

In related news, insider Aaron Powell sold 29,534 shares of the stock in a transaction on Tuesday, August 17th. The stock was sold at an average price of $139.51, for a total transaction of $4,120,288.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly K. Underhill sold 19,018 shares of the stock in a transaction on Monday, July 26th. The stock was sold at an average price of $135.84, for a total value of $2,583,405.12. Following the completion of the transaction, the insider now owns 62,042 shares of the company’s stock, valued at approximately $8,427,785.28. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

About Kimberly-Clark

Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional (KCP). The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

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

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