First National Bank of South Miami Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

First National Bank of South Miami lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,367 shares of the company’s stock after selling 214 shares during the period. First National Bank of South Miami’s holdings in Kimberly-Clark were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMB. CVA Family Office LLC boosted its position 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 buying an additional 81 shares during the period. Horizons Wealth Management purchased a new position in shares of Kimberly-Clark during the second quarter valued at approximately $32,000. Carderock Capital Management Inc. purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $37,000. Venturi Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $38,000. Finally, McCarthy Grittinger Financial Group LLC purchased a new position in shares of Kimberly-Clark during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 74.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays boosted their price target on Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. StockNews.com initiated coverage on Kimberly-Clark in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. TheStreet cut Kimberly-Clark from a “b” rating to a “c+” rating in a research note on Tuesday, July 25th. Bank of America dropped their price objective on Kimberly-Clark from $145.00 to $138.00 in a research note on Wednesday, July 26th. Finally, Citigroup lowered their target price on Kimberly-Clark from $130.00 to $126.00 in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $135.33.

Kimberly-Clark Stock Performance

Shares of KMB opened at $125.11 on Tuesday. Kimberly-Clark Co. has a 12 month low of $108.74 and a 12 month high of $147.87. The stock has a fifty day moving average price of $129.65 and a 200-day moving average price of $133.88. 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 firm has a market cap of $42.31 billion, a PE ratio of 25.80, a P/E/G ratio of 2.38 and a beta of 0.39.

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

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 8th will be issued a dividend of $1.18 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.77%. Kimberly-Clark’s dividend payout ratio is presently 97.32%.

Insider Activity

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

Kimberly-Clark 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.