Raymond James Trust N.A. Has $4.60 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Raymond James Trust N.A. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,276 shares of the company’s stock after selling 1,182 shares during the period. Raymond James Trust N.A.’s holdings in Kimberly-Clark were worth $4,599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Kimberly-Clark in the fourth quarter valued at approximately $399,000. Alaska Permanent Fund Corp grew its holdings in shares of Kimberly-Clark by 2.8% during the fourth quarter. Alaska Permanent Fund Corp now owns 16,356 shares of the company’s stock valued at $1,987,000 after buying an additional 446 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in Kimberly-Clark by 4.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 45,801 shares of the company’s stock worth $5,603,000 after purchasing an additional 1,797 shares in the last quarter. Bailard Inc. raised its stake in shares of Kimberly-Clark by 6.4% in the fourth quarter. Bailard Inc. now owns 7,355 shares of the company’s stock worth $894,000 after purchasing an additional 441 shares during the last quarter. Finally, Syon Capital LLC lifted its holdings in shares of Kimberly-Clark by 22.0% in the fourth quarter. Syon Capital LLC now owns 4,669 shares of the company’s stock valued at $567,000 after purchasing an additional 841 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.08 on Monday, hitting $143.53. 28,020 shares of the stock traded hands, compared to its average volume of 2,145,117. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The business’s fifty day moving average is $140.38 and its two-hundred day moving average is $132.86. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.68. The firm has a market capitalization of $48.33 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share 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 during the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.40%. Kimberly-Clark’s payout ratio is 89.71%.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated 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 $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent research reports. BNP Paribas assumed coverage on Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note 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 note on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $145.67.

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.