Bank of New Hampshire Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Bank of New Hampshire decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 57.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 802 shares of the company’s stock after selling 1,075 shares during the quarter. Bank of New Hampshire’s holdings in Kimberly-Clark were worth $114,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Virtu Financial LLC lifted its stake in Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after purchasing an additional 10,820 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in Kimberly-Clark in the second quarter worth $14,751,000. Swedbank AB increased its position in Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after buying an additional 6,392 shares during the period. Finally, PGGM Investments increased its position in Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after buying an additional 11,882 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price target for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Barclays lowered their target price on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. BNP Paribas initiated coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $140.78 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The business’s 50 day moving average is $142.24 and its two-hundred day moving average is $137.30. The company has a market cap of $47.40 billion, a P/E ratio of 25.88, a P/E/G ratio of 3.00 and a beta of 0.39. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period in the previous year, the business posted $1.65 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Insider Activity at Kimberly-Clark

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

Kimberly-Clark Profile

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.