Woodmont Investment Counsel LLC cut its stake in shares of Kimberly Clark Corp (NYSE:KMB) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,516 shares of the company’s stock after selling 731 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Kimberly Clark were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Kimberly Clark by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,327,564 shares of the company’s stock worth $3,775,497,000 after purchasing an additional 169,957 shares during the period. BlackRock Inc. lifted its position in shares of Kimberly Clark by 2.0% in the 2nd quarter. BlackRock Inc. now owns 24,953,446 shares of the company’s stock worth $3,325,795,000 after purchasing an additional 481,402 shares during the period. Northern Trust Corp lifted its position in shares of Kimberly Clark by 0.8% in the 2nd quarter. Northern Trust Corp now owns 5,137,463 shares of the company’s stock worth $684,720,000 after purchasing an additional 42,045 shares during the period. Wells Fargo & Company MN lifted its position in shares of Kimberly Clark by 8.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,438,115 shares of the company’s stock worth $591,513,000 after purchasing an additional 331,708 shares during the period. Finally, Federated Investors Inc. PA lifted its position in shares of Kimberly Clark by 13.5% in the 1st quarter. Federated Investors Inc. PA now owns 4,146,294 shares of the company’s stock worth $513,726,000 after purchasing an additional 492,289 shares during the period. 71.86% of the stock is currently owned by institutional investors.

In other Kimberly Clark news, SVP Jeffrey P. Melucci sold 26,839 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the sale, the senior vice president now directly owns 17,304 shares of the company’s stock, valued at $2,442,805.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP J. Scott Boston sold 4,834 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $136.26, for a total transaction of $658,680.84. Following the sale, the senior vice president now directly owns 11,901 shares in the company, valued at $1,621,630.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,584 shares of company stock worth $6,242,483. Insiders own 0.85% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine downgraded shares of Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co reiterated a “hold” rating and set a $130.00 target price on shares of Kimberly Clark in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of Kimberly Clark from $151.00 to $152.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Atlantic Securities upgraded shares of Kimberly Clark from an “underweight” rating to a “neutral” rating in a research report on Wednesday, July 24th. Finally, Barclays reiterated a “hold” rating on shares of Kimberly Clark in a research report on Sunday, July 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $130.20.

Shares of NYSE KMB traded up $0.62 during trading on Wednesday, hitting $132.54. The stock had a trading volume of 100,633 shares, compared to its average volume of 1,641,685. The company has a market capitalization of $45.57 billion, a PE ratio of 20.06, a PEG ratio of 3.55 and a beta of 0.54. The firm has a fifty day moving average of $138.02 and a two-hundred day moving average of $130.82. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. Kimberly Clark Corp has a 12 month low of $100.32 and a 12 month high of $143.16.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.03. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.60 billion. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. On average, equities analysts expect that Kimberly Clark Corp will post 6.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, September 5th. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.33%.

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.

Further Reading: How to find the components of the quick ratio

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

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