Woodstock Corp Sells 325 Shares of Kimberly-Clark Co. (NYSE:KMB)

Woodstock Corp cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,939 shares of the company’s stock after selling 325 shares during the quarter. Woodstock Corp’s holdings in Kimberly-Clark were worth $2,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC increased its holdings in shares of Kimberly-Clark by 56.3% during the fourth quarter. CVA Family Office LLC now owns 225 shares of the company’s stock valued at $31,000 after acquiring an additional 81 shares in the last quarter. Horizons Wealth Management bought a new position in shares of Kimberly-Clark during the second quarter valued at $32,000. Carderock Capital Management Inc. bought a new position in shares of Kimberly-Clark during the first quarter valued at $37,000. Venturi Wealth Management LLC bought a new stake in Kimberly-Clark in the 1st quarter worth about $38,000. Finally, McCarthy Grittinger Financial Group LLC bought a new stake in Kimberly-Clark in the 1st quarter worth about $39,000. 74.38% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In related news, insider Sandra R. Karrmann sold 5,122 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Sandra R. Karrmann sold 5,122 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total transaction of $664,835.60. Following the completion of the transaction, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 4,423 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total value of $576,007.29. Following the transaction, the insider now owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. Citigroup reduced their price objective on Kimberly-Clark from $130.00 to $126.00 in a report on Wednesday, July 26th. StockNews.com began coverage on Kimberly-Clark in a report on Thursday, August 17th. They issued a “buy” rating for the company. Bank of America dropped their target price on Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Barclays raised their target price on Kimberly-Clark from $137.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 27th. Finally, TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $135.33.

Kimberly-Clark Trading Up 0.2 %

Shares of NYSE KMB traded up $0.30 during trading hours on Friday, hitting $126.18. 468,102 shares of the company traded hands, compared to its average volume of 1,683,316. The stock has a market capitalization of $42.67 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 2.38 and a beta of 0.39. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21. The company’s 50 day moving average price is $129.86 and its 200 day moving average price is $133.76. Kimberly-Clark Co. has a 12 month low of $108.74 and a 12 month high of $147.87.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.17. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.13 billion. Kimberly-Clark had a return on equity of 303.40% and a net margin of 8.07%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 6.42 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be issued a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, September 7th. Kimberly-Clark’s payout ratio is currently 97.32%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.