Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,382 shares of the company’s stock after selling 594 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Kimberly-Clark were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KMB. Moneta Group Investment Advisors LLC boosted its holdings in shares of Kimberly-Clark by 123,302.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock valued at $601,394,000 after purchasing an additional 4,426,568 shares during the last quarter. Cowa LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $54,000. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $441,478,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kimberly-Clark by 20.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,628,171 shares of the company’s stock valued at $1,307,025,000 after purchasing an additional 1,643,311 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 11.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,095,043 shares of the company’s stock valued at $963,152,000 after acquiring an additional 715,624 shares in the last quarter. Institutional investors and hedge funds own 74.38% of the company’s stock.

Kimberly-Clark Price Performance

KMB opened at $125.11 on Tuesday. The company has a 50-day moving average of $129.65 and a 200-day moving average of $133.88. The company has a market capitalization of $42.31 billion, a P/E ratio of 25.80, a PEG ratio of 2.38 and a beta of 0.39. Kimberly-Clark Co. has a 1-year low of $108.74 and a 1-year high of $147.87. The company has a debt-to-equity ratio of 12.21, a quick ratio of 0.55 and a current ratio of 0.87.

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

Kimberly-Clark Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TheStreet lowered shares of Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. StockNews.com assumed coverage on shares of Kimberly-Clark in a report on Thursday, August 17th. They set a “buy” rating on the stock. Barclays lifted their target price on shares of Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Bank of America reduced their target price on shares of Kimberly-Clark from $145.00 to $138.00 in a report on Wednesday, July 26th. Finally, Citigroup reduced their target price on shares of 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 assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $135.33.

Insider Transactions at Kimberly-Clark

In other news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction dated Tuesday, August 29th. The shares were 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 directly owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction dated Tuesday, August 29th. The shares were 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 directly owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Melucci sold 4,423 shares of Kimberly-Clark stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $130.23, for a total transaction of $576,007.29. Following the completion of the transaction, the insider now directly owns 28,169 shares of the company’s stock, valued at $3,668,448.87. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

About Kimberly-Clark

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.