Leisure Capital Management Lowers Position in Kimberly Clark Corp (NYSE:KMB)

Leisure Capital Management decreased its position in Kimberly Clark Corp (NYSE:KMB) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,934 shares of the company’s stock after selling 125 shares during the period. Leisure Capital Management’s holdings in Kimberly Clark were worth $581,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KMB. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kimberly Clark by 47.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,372,857 shares of the company’s stock valued at $618,104,000 after acquiring an additional 1,406,339 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Kimberly Clark by 254.6% in the second quarter. Nordea Investment Management AB now owns 1,576,154 shares of the company’s stock valued at $220,930,000 after acquiring an additional 1,131,725 shares in the last quarter. FIL Ltd boosted its holdings in shares of Kimberly Clark by 37.3% in the second quarter. FIL Ltd now owns 2,492,618 shares of the company’s stock valued at $352,332,000 after acquiring an additional 677,173 shares in the last quarter. Man Group plc boosted its holdings in shares of Kimberly Clark by 763.0% in the second quarter. Man Group plc now owns 579,442 shares of the company’s stock valued at $81,905,000 after acquiring an additional 512,303 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Kimberly Clark by 126.9% in the second quarter. Prudential Financial Inc. now owns 859,187 shares of the company’s stock valued at $121,446,000 after purchasing an additional 480,488 shares during the period. 71.39% of the stock is currently owned by institutional investors and hedge funds.

KMB traded down $2.18 during midday trading on Monday, reaching $134.70. 71,374 shares of the company’s stock were exchanged, compared to its average volume of 1,821,556. The company has a debt-to-equity ratio of 14.59, a current ratio of 0.91 and a quick ratio of 0.63. The stock has a market capitalization of $46.68 billion, a PE ratio of 18.40, a P/E/G ratio of 3.47 and a beta of 0.50. The business’s 50-day moving average price is $149.12 and its 200 day moving average price is $145.12. Kimberly Clark Corp has a 1-year low of $110.66 and a 1-year high of $160.16.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Thursday, October 22nd. The company reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.04). The business had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.59 billion. Kimberly Clark had a return on equity of 1,319.56% and a net margin of 13.58%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.84 EPS. As a group, analysts expect that Kimberly Clark Corp will post 7.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, September 3rd. Kimberly Clark’s dividend payout ratio is presently 62.12%.

Several analysts recently commented on KMB shares. JPMorgan Chase & Co. cut shares of Kimberly Clark from an “overweight” rating to a “neutral” rating and set a $163.00 price objective for the company. in a research note on Friday, October 16th. They noted that the move was a valuation call. Jefferies Financial Group raised their price objective on shares of Kimberly Clark from $181.00 to $187.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Morgan Stanley reduced their price objective on shares of Kimberly Clark from $160.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday. Berenberg Bank started coverage on shares of Kimberly Clark in a research note on Friday, October 16th. They issued a “buy” rating and a $181.00 price objective for the company. Finally, TheStreet upgraded shares of Kimberly Clark from a “c+” rating to an “a-” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $159.13.

In other news, insider Aaron Powell sold 8,663 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $151.38, for a total value of $1,311,404.94. Following the completion of the transaction, the insider now owns 8,707 shares of the company’s stock, valued at $1,318,065.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.72% of the company’s stock.

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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