Baker Ellis Asset Management LLC Lowers Position in Kimberly Clark Corp (KMB)

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Baker Ellis Asset Management LLC trimmed its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 8.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,827 shares of the company’s stock after selling 1,420 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in Kimberly Clark were worth $1,562,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Monetary Management Group Inc. grew its stake in shares of Kimberly Clark by 736.4% during the 2nd quarter. Monetary Management Group Inc. now owns 13,800 shares of the company’s stock worth $1,454,000 after acquiring an additional 12,150 shares in the last quarter. Tocqueville Asset Management L.P. grew its stake in shares of Kimberly Clark by 19.2% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 82,304 shares of the company’s stock worth $8,670,000 after acquiring an additional 13,283 shares in the last quarter. BB&T Securities LLC grew its stake in shares of Kimberly Clark by 3.8% during the 2nd quarter. BB&T Securities LLC now owns 250,675 shares of the company’s stock worth $26,405,000 after acquiring an additional 9,244 shares in the last quarter. Cornerstone Capital Inc. grew its stake in shares of Kimberly Clark by 14.8% during the 2nd quarter. Cornerstone Capital Inc. now owns 188,998 shares of the company’s stock worth $19,909,000 after acquiring an additional 24,306 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Kimberly Clark by 5.9% during the 2nd quarter. Flinton Capital Management LLC now owns 37,904 shares of the company’s stock worth $3,993,000 after acquiring an additional 2,128 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

In other Kimberly Clark news, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total transaction of $756,256.30. Following the completion of the sale, the insider now owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Aaron Powell sold 1,100 shares of the firm’s stock in a transaction on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total value of $116,556.00. Following the sale, the insider now directly owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.

Several equities analysts have recently weighed in on KMB shares. Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. Jefferies Financial Group reissued a “hold” rating and issued a $96.00 target price on shares of Kimberly Clark in a research note on Friday, July 13th. Deutsche Bank raised their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Societe Generale cut shares of Kimberly Clark from a “buy” rating to a “hold” rating and decreased their target price for the company from $124.00 to $116.00 in a research note on Wednesday, August 15th. Three research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $107.57.

NYSE:KMB opened at $116.05 on Friday. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $123.77. The company has a debt-to-equity ratio of 32.28, a current ratio of 0.76 and a quick ratio of 0.49. The firm has a market capitalization of $40.17 billion, a P/E ratio of 18.63, a PEG ratio of 2.47 and a beta of 0.69.

Kimberly Clark (NYSE:KMB) last released its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period last year, the business earned $1.49 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. sell-side analysts anticipate that Kimberly Clark Corp will post 6.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, September 6th. Kimberly Clark’s dividend payout ratio is 64.21%.

About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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