First National Bank of South Miami Cuts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

First National Bank of South Miami reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,367 shares of the company’s stock after selling 214 shares during the quarter. First National Bank of South Miami’s holdings in Kimberly-Clark were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. lifted its stake in shares of Kimberly-Clark by 2.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 44,932 shares of the company’s stock valued at $6,203,000 after acquiring an additional 1,128 shares during the last quarter. Platform Technology Partners lifted its stake in shares of Kimberly-Clark by 3.0% in the 2nd quarter. Platform Technology Partners now owns 5,922 shares of the company’s stock valued at $801,000 after acquiring an additional 175 shares during the last quarter. First Bank & Trust lifted its stake in shares of Kimberly-Clark by 12.3% in the 2nd quarter. First Bank & Trust now owns 18,189 shares of the company’s stock valued at $2,511,000 after acquiring an additional 1,999 shares during the last quarter. Ignite Planners LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at about $210,000. Finally, Juncture Wealth Strategies LLC lifted its stake in shares of Kimberly-Clark by 1.4% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 5,963 shares of the company’s stock valued at $823,000 after acquiring an additional 83 shares during the last quarter. Institutional investors own 74.38% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Shares of NYSE:KMB opened at $125.11 on Tuesday. Kimberly-Clark Co. has a 52-week low of $108.74 and a 52-week high of $147.87. The firm has a market capitalization of $42.31 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.38 and a beta of 0.39. The stock has a 50 day moving average price of $129.65 and a 200-day moving average price of $133.88. The company has a debt-to-equity ratio of 12.21, a quick ratio of 0.55 and a current ratio of 0.87.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.13 billion. Kimberly-Clark had a return on equity of 303.40% and a net margin of 8.07%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 EPS. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 6.42 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a $1.18 dividend. The ex-dividend date is Thursday, September 7th. This represents a $4.72 annualized dividend and a dividend yield of 3.77%. Kimberly-Clark’s payout ratio is currently 97.32%.

Insider Buying and Selling

In related news, insider Sandra R. Karrmann sold 5,122 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total value of $664,835.60. Following the sale, the insider now owns 6,228 shares in the company, valued at approximately $808,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 4,423 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $130.23, for a total transaction of $576,007.29. Following the sale, the insider now directly owns 28,169 shares in the company, valued at approximately $3,668,448.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sandra R. Karrmann sold 5,122 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total value of $664,835.60. Following the sale, the insider now owns 6,228 shares in the company, valued at $808,394.40. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMB has been the subject of a number of recent research reports. Barclays boosted their target price on Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a research note on Thursday, July 27th. Citigroup lowered their price target on Kimberly-Clark from $130.00 to $126.00 in a research report on Wednesday, July 26th. StockNews.com assumed coverage on Kimberly-Clark in a research report on Thursday, August 17th. They set a “buy” rating for the company. TheStreet lowered Kimberly-Clark from a “b” rating to a “c+” rating in a research report on Tuesday, July 25th. Finally, Bank of America lowered their price target on Kimberly-Clark from $145.00 to $138.00 in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $135.33.

Kimberly-Clark Company Profile

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 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.