Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mitchell Sinkler & Starr PA


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Mitchell Sinkler & Starr PA decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 52.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,740 shares of the company’s stock after selling 4,095 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Kimberly-Clark were worth $520,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its position in Kimberly-Clark by 11.4% during the 4th quarter. BlackRock Inc. now owns 26,644,473 shares of the company’s stock worth $3,592,477,000 after buying an additional 2,733,540 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 8.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,911,681 shares of the company’s stock worth $662,242,000 after acquiring an additional 375,853 shares during the period. Norges Bank purchased a new position in shares of Kimberly-Clark during the fourth quarter worth $510,600,000. Morgan Stanley lifted its position in Kimberly-Clark by 10.6% during the fourth quarter. Morgan Stanley now owns 2,718,250 shares of the company’s stock valued at $366,502,000 after purchasing an additional 260,560 shares during the period. Finally, FIL Ltd boosted its holdings in Kimberly-Clark by 4.6% in the fourth quarter. FIL Ltd now owns 2,694,661 shares of the company’s stock valued at $363,321,000 after purchasing an additional 117,597 shares during the last quarter. Hedge funds and other institutional investors own 71.89% of the company’s stock.

In related news, insider Tristram Wilkinson sold 1,440 shares of the business’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $137.88, for a total transaction of $198,547.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

A number of analysts have recently commented on KMB shares. Jefferies Financial Group upped their target price on Kimberly-Clark from $152.00 to $156.00 and gave the stock a “buy” rating in a research note on Tuesday, January 26th. Citigroup cut their price target on Kimberly-Clark from $127.00 to $122.00 in a research note on Tuesday, January 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $123.00 price target (down previously from $144.00) on shares of Kimberly-Clark in a research report on Thursday, March 25th. Bank of America cut their price objective on Kimberly-Clark from $165.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, January 22nd. Finally, Zacks Investment Research upgraded Kimberly-Clark from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research report on Thursday, January 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $146.67.

Shares of NYSE KMB traded up $0.05 during midday trading on Tuesday, reaching $137.28. 18,117 shares of the stock were exchanged, compared to its average volume of 2,223,931. Kimberly-Clark Co. has a twelve month low of $128.02 and a twelve month high of $160.16. The company has a debt-to-equity ratio of 13.61, a quick ratio of 0.70 and a current ratio of 1.00. The stock has a market capitalization of $46.40 billion, a P/E ratio of 19.90, a PEG ratio of 3.10 and a beta of 0.50. The company has a 50 day simple moving average of $133.71 and a 200 day simple moving average of $136.66.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Sunday, January 24th. The company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.08. Kimberly-Clark had a net margin of 12.49% and a return on equity of 812.50%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 7.67 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 5th. Stockholders of record on Friday, March 5th were paid a $1.14 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.07. This represents a $4.56 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Thursday, March 4th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.18%.

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 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, Sweety, Kotex, U by Kotex, Intimus, Depend, Plenitud, Softex, Poise, and other brand names.

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

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