Oxbow Advisors LLC Has $5.92 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Oxbow Advisors LLC cut its position in Kimberly-Clark Co. (NYSE:KMB) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,819 shares of the company’s stock after selling 907 shares during the period. Oxbow Advisors LLC’s holdings in Kimberly-Clark were worth $5,918,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. New Millennium Group LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at $28,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the first quarter worth $27,000. Fortitude Family Office LLC grew its holdings in shares of Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after purchasing an additional 250 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at $40,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.1 %

Shares of Kimberly-Clark stock traded up $0.08 during trading on Friday, hitting $146.91. 2,160,596 shares of the company were exchanged, compared to its average volume of 2,137,545. The firm has a market capitalization of $49.47 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39. The firm’s fifty day moving average price is $141.51 and its 200 day moving average price is $134.51. 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 $116.32 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.65 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is presently 89.71%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen began coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Finally, Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Two research 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $145.67.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 value of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 disclosure for this sale can be found here. 0.62% of the stock is currently owned by company 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.