Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Thomasville National Bank

Thomasville National Bank lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,354 shares of the company’s stock after selling 75 shares during the quarter. Thomasville National Bank’s holdings in Kimberly-Clark were worth $602,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Capital Investment Counsel Inc lifted its stake in Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after buying an additional 75 shares during the last quarter. Connecticut Wealth Management LLC boosted its stake in Kimberly-Clark by 4.6% during the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares during the period. Comprehensive Financial Consultants Institutional Inc. grew its position in Kimberly-Clark by 1.6% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after purchasing an additional 81 shares during the last quarter. Essex Financial Services Inc. increased its stake in shares of Kimberly-Clark by 2.1% in the first quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock valued at $507,000 after purchasing an additional 82 shares during the period. Finally, First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Kimberly-Clark by 1.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after buying an additional 82 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,312 shares of company stock worth $6,106,519. 0.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

KMB has been the topic of several analyst reports. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Citigroup increased their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Barclays dropped their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Trading Up 0.7 %

Shares of KMB traded up $0.94 during midday trading on Wednesday, hitting $140.02. The stock had a trading volume of 2,308,913 shares, compared to its average volume of 2,197,236. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The firm has a market cap of $47.15 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The business has a 50-day simple moving average of $138.64 and a two-hundred day simple moving average of $131.01. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.62.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $1.65 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.