Wrapmanager Inc. reduced its position in Kimberly-Clark Corporation (NYSE:KMB) by 17.9% during the first quarter, Holdings Channel reports. The fund owned 7,909 shares of the company’s stock after selling 1,722 shares during the period. Wrapmanager Inc.’s holdings in Kimberly-Clark Corporation were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KMB. Hapanowicz & Associates Financial Services Inc bought a new stake in Kimberly-Clark Corporation during the first quarter worth about $212,000. Nwam LLC increased its stake in Kimberly-Clark Corporation by 9.2% in the first quarter. Nwam LLC now owns 2,133 shares of the company’s stock worth $281,000 after buying an additional 180 shares during the last quarter. LSV Asset Management increased its stake in Kimberly-Clark Corporation by 216.7% in the first quarter. LSV Asset Management now owns 1,900 shares of the company’s stock worth $250,000 after buying an additional 1,300 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Kimberly-Clark Corporation by 7.9% in the first quarter. Eqis Capital Management Inc. now owns 4,741 shares of the company’s stock worth $624,000 after buying an additional 348 shares during the last quarter. Finally, Welch Group LLC increased its stake in Kimberly-Clark Corporation by 4.7% in the first quarter. Welch Group LLC now owns 118,783 shares of the company’s stock worth $15,635,000 after buying an additional 5,383 shares during the last quarter. Institutional investors own 70.06% of the company’s stock.

Institutional Ownership by Quarter for Kimberly-Clark Corporation (NYSE:KMB)

Kimberly-Clark Corporation (NYSE KMB) opened at 130.21 on Friday. The stock’s 50 day moving average is $128.78 and its 200-day moving average is $125.64. The company has a market cap of $46.22 billion, a P/E ratio of 21.49 and a beta of 0.79. Kimberly-Clark Corporation has a 12-month low of $111.30 and a 12-month high of $138.87.

Kimberly-Clark Corporation (NYSE:KMB) last posted its quarterly earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.03. Kimberly-Clark Corporation had a net margin of 11.99% and a return on equity of 602.48%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts predict that Kimberly-Clark Corporation will post $6.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimberly-Clark Corporation’s dividend payout ratio (DPR) is currently 64.13%.

ILLEGAL ACTIVITY WARNING: “Wrapmanager Inc. Has $1.04 Million Position in Kimberly-Clark Corporation (KMB)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.watchlistnews.com/wrapmanager-inc-has-1-04-million-position-in-kimberly-clark-corporation-kmb/1371672.html.

A number of research firms have issued reports on KMB. Berenberg Bank began coverage on shares of Kimberly-Clark Corporation in a research report on Friday, June 9th. They issued a “hold” rating and a $136.00 target price for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $133.00 target price on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. TheStreet upgraded shares of Kimberly-Clark Corporation from a “c+” rating to an “a-” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $121.00 target price on shares of Kimberly-Clark Corporation in a research report on Tuesday, April 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $128.00 target price on shares of Kimberly-Clark Corporation in a research report on Sunday, April 23rd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Kimberly-Clark Corporation currently has a consensus rating of “Hold” and an average price target of $133.69.

In other Kimberly-Clark Corporation news, SVP Sandra Macquillan sold 5,081 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $129.82, for a total transaction of $659,615.42. Following the sale, the senior vice president now directly owns 5,364 shares of the company’s stock, valued at $696,354.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Thomas J. Mielke sold 20,108 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total transaction of $2,576,035.88. Following the sale, the senior vice president now directly owns 23,543 shares in the company, valued at $3,016,093.73. The disclosure for this sale can be found here. Insiders have sold 32,267 shares of company stock worth $4,155,862 over the last ninety days. Insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NYSE:KMB).

Receive News & Ratings for Kimberly-Clark Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.