Mitchell Mcleod Pugh & Williams Inc. Has $683,000 Holdings in Kimberly Clark Corp (KMB)

Mitchell Mcleod Pugh & Williams Inc. cut its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,991 shares of the company’s stock after selling 110 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Kimberly Clark were worth $683,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Kimberly Clark by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 865,660 shares of the company’s stock valued at $91,185,000 after purchasing an additional 38,673 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $40,577,000. Van ECK Associates Corp bought a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $644,000. OppenheimerFunds Inc. raised its holdings in shares of Kimberly Clark by 39.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 21,450 shares of the company’s stock valued at $2,260,000 after purchasing an additional 6,102 shares during the period. Finally, Voya Investment Management LLC raised its holdings in shares of Kimberly Clark by 33.7% in the 2nd quarter. Voya Investment Management LLC now owns 195,844 shares of the company’s stock valued at $20,631,000 after purchasing an additional 49,359 shares during the period. 71.88% of the stock is currently owned by hedge funds and other institutional investors.

In other Kimberly Clark news, VP Michael T. Azbell sold 13,565 shares of the stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $115.00, for a total transaction of $1,559,975.00. Following the transaction, the vice president now owns 6,432 shares in the company, valued at approximately $739,680. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey P. Melucci sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $111.18, for a total transaction of $111,180.00. Following the transaction, the senior vice president now owns 4,132 shares in the company, valued at approximately $459,395.76. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

A number of equities research analysts have recently issued reports on KMB shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $100.00 target price on shares of Kimberly Clark in a report on Monday, October 22nd. Morgan Stanley set a $100.00 target price on shares of Kimberly Clark and gave the company a “sell” rating in a report on Tuesday, October 23rd. Wells Fargo & Co upped their target price on shares of Kimberly Clark from $97.00 to $105.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Deutsche Bank cut shares of Kimberly Clark from a “hold” rating to a “sell” rating and set a $99.00 target price on the stock. in a report on Wednesday, October 10th. Finally, Goldman Sachs Group cut shares of Kimberly Clark from a “buy” rating to a “neutral” rating and set a $119.00 price target on the stock. in a report on Monday, October 8th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $106.14.

Kimberly Clark stock traded up $2.65 during trading hours on Thursday, hitting $116.66. The company had a trading volume of 2,358,206 shares, compared to its average volume of 2,425,758. Kimberly Clark Corp has a one year low of $97.10 and a one year high of $123.50. The stock has a market cap of $38.74 billion, a P/E ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.61. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.07. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm had revenue of $4.58 billion for the quarter, compared to analyst estimates of $4.52 billion. During the same quarter in the prior year, the business posted $1.60 EPS. The business’s revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Friday, December 7th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is presently 64.21%.

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Kimberly Clark 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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