Community Bank & Trust Waco Texas Reduces Holdings in Kimberly Clark Corp (KMB)

Community Bank & Trust Waco Texas decreased its holdings in Kimberly Clark Corp (NYSE:KMB) by 36.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,634 shares of the company’s stock after selling 6,190 shares during the period. Community Bank & Trust Waco Texas’ holdings in Kimberly Clark were worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its position in shares of Kimberly Clark by 3.5% during the 2nd quarter. Northern Trust Corp now owns 5,443,511 shares of the company’s stock worth $573,419,000 after purchasing an additional 182,806 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Kimberly Clark by 96.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock valued at $506,642,000 after acquiring an additional 2,365,565 shares during the last quarter. Federated Investors Inc. PA lifted its position in Kimberly Clark by 1.8% in the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock valued at $340,302,000 after acquiring an additional 56,053 shares during the last quarter. American Century Companies Inc. lifted its position in Kimberly Clark by 121.8% in the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock valued at $261,110,000 after acquiring an additional 1,361,325 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Kimberly Clark by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock valued at $231,237,000 after acquiring an additional 72,684 shares during the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSE:KMB opened at $109.14 on Friday. Kimberly Clark Corp has a one year low of $97.10 and a one 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 stock has a market capitalization of $39.51 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 2.57 and a beta of 0.70.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the company earned $1.49 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th were issued a $1.00 dividend. The ex-dividend date was Thursday, September 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.67%. Kimberly Clark’s payout ratio is 64.21%.

A number of brokerages recently weighed in on KMB. Morgan Stanley boosted their price target on shares of Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research report on Friday, August 31st. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. JPMorgan Chase & Co. raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $90.00 to $86.00 in a research report on Thursday, August 16th. Deutsche Bank boosted their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Finally, UBS Group began coverage on shares of Kimberly Clark in a research report on Thursday, July 19th. They issued a “sell” rating and a $90.00 price target for the company. Five analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $106.67.

Kimberly Clark Company Profile

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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