Park Place Capital Corp Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Park Place Capital Corp lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 81.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 629 shares of the company’s stock after selling 2,705 shares during the quarter. Park Place Capital Corp’s holdings in Kimberly-Clark were worth $89,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Exeter Financial LLC boosted its holdings in shares of Kimberly-Clark by 1.9% during the 3rd quarter. Exeter Financial LLC now owns 8,341 shares of the company’s stock valued at $1,187,000 after acquiring an additional 158 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Kimberly-Clark by 20.2% during the 3rd quarter. Mather Group LLC. now owns 7,631 shares of the company’s stock valued at $1,086,000 after acquiring an additional 1,280 shares during the last quarter. Kwmg LLC boosted its holdings in shares of Kimberly-Clark by 0.4% during the 3rd quarter. Kwmg LLC now owns 45,279 shares of the company’s stock valued at $6,442,000 after acquiring an additional 190 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Kimberly-Clark by 2.3% during the 3rd quarter. Diversified Trust Co now owns 69,453 shares of the company’s stock valued at $9,882,000 after acquiring an additional 1,534 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Kimberly-Clark by 21.3% during the 3rd quarter. GAMMA Investing LLC now owns 10,463 shares of the company’s stock valued at $1,489,000 after acquiring an additional 1,838 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.9 %

Kimberly-Clark stock opened at $142.01 on Wednesday. The stock has a market cap of $47.82 billion, a P/E ratio of 26.10, a PEG ratio of 3.00 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30. The firm’s 50 day moving average price is $142.24 and its 200-day moving average price is $137.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KMB shares. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective on the stock. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $146.00.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

About Kimberly-Clark

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