Oxbow Advisors LLC Has $5.92 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Oxbow Advisors LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,819 shares of the company’s stock after selling 907 shares during the quarter. Oxbow Advisors LLC’s holdings in Kimberly-Clark were worth $5,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rise Advisors LLC increased its stake in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter worth about $27,000. New Millennium Group LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter valued at about $28,000. Northwest Financial Advisors acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $40,000. Finally, Fortitude Family Office LLC grew its stake in shares of Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, 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. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price objective 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. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Finally, Barclays decreased their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $0.08 during trading hours on Friday, reaching $146.91. 2,160,596 shares of the company’s stock were exchanged, compared to its average volume of 2,137,545. The business has a fifty day moving average price of $141.51 and a 200-day moving average price of $134.51. The stock has a market capitalization of $49.47 billion, a P/E ratio of 27.02, a P/E/G ratio of 3.07 and a beta of 0.39. 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 Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued 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 net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the prior year, the firm earned $1.65 EPS. The business’s revenue was down 2.0% on a year-over-year basis. Analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.32%. Kimberly-Clark’s dividend payout ratio (DPR) is 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.