Chevy Chase Trust Holdings LLC Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

Chevy Chase Trust Holdings LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,103 shares of the company’s stock after selling 4,663 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of Kimberly-Clark worth $29,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. CX Institutional boosted its position in Kimberly-Clark by 1.2% in the second quarter. CX Institutional now owns 5,968 shares of the company’s stock valued at $825,000 after buying an additional 71 shares during the last quarter. Capital Investment Counsel Inc boosted its position 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 position in Kimberly-Clark by 4.6% in the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after buying an additional 77 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its position in Kimberly-Clark by 1.6% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after buying an additional 81 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its position in 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 buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, UBS Group increased their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Two research 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, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $145.67.

Insider Buying and Selling

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

KMB traded up $0.23 during trading on Wednesday, hitting $144.47. 626,997 shares of the stock were exchanged, compared to its average volume of 2,163,218. The firm has a market capitalization of $48.64 billion, a P/E ratio of 26.62, a PEG ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.68. The stock has a fifty day moving average price of $140.00 and a two-hundred day moving average price of $132.37. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

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

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Kimberly-Clark Company Profile

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.