Bruderman Asset Management LLC lowered its holdings in shares of Kimberly Clark Corp (NYSE:KMB) by 51.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,092 shares of the company’s stock after selling 3,298 shares during the period. Bruderman Asset Management LLC’s holdings in Kimberly Clark were worth $326,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Kimberly Clark by 96.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,809,600 shares of the company’s stock worth $506,642,000 after buying an additional 2,365,565 shares during the last quarter. Federated Investors Inc. PA raised its holdings in Kimberly Clark by 1.8% in the second quarter. Federated Investors Inc. PA now owns 3,230,516 shares of the company’s stock worth $340,302,000 after buying an additional 56,053 shares during the last quarter. American Century Companies Inc. raised its holdings in Kimberly Clark by 121.8% in the second quarter. American Century Companies Inc. now owns 2,478,731 shares of the company’s stock worth $261,110,000 after buying an additional 1,361,325 shares during the last quarter. Schroder Investment Management Group raised its holdings in Kimberly Clark by 4.9% in the first quarter. Schroder Investment Management Group now owns 2,297,865 shares of the company’s stock worth $253,064,000 after buying an additional 107,275 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Kimberly Clark by 3.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,195,142 shares of the company’s stock worth $231,237,000 after buying an additional 72,684 shares during the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

In other Kimberly Clark news, insider Aaron Powell sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $105.96, for a total transaction of $116,556.00. Following the completion of the sale, the insider now directly owns 1,117 shares of the company’s stock, valued at $118,357.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anthony J. Palmer sold 6,445 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total transaction of $756,256.30. Following the sale, the insider now directly owns 6,122 shares of the company’s stock, valued at $718,355.48. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

Several research analysts have issued reports on KMB shares. Morgan Stanley lifted their target price on shares of Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a report on Friday, August 31st. Deutsche Bank lifted their target price on shares of Kimberly Clark from $103.00 to $108.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. UBS Group started coverage on shares of Kimberly Clark in a report on Thursday, July 19th. They issued a “sell” rating and a $90.00 target price for the company. ValuEngine raised shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 18th. Finally, Zacks Investment Research raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $106.54.

KMB opened at $116.45 on Monday. The company has a debt-to-equity ratio of 32.28, a current ratio of 0.76 and a quick ratio of 0.49. Kimberly Clark Corp has a twelve month low of $97.10 and a twelve month high of $123.77. The company has a market cap of $40.44 billion, a PE ratio of 17.98, a P/E/G ratio of 2.63 and a beta of 0.69.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 24th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.02. Kimberly Clark had a net margin of 9.33% and a return on equity of 432.18%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.60 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. research analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Friday, September 7th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $4.00 annualized dividend and a dividend yield of 3.43%. Kimberly Clark’s payout ratio is 64.21%.

Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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

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