Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its position in shares of Kimberly Clark Corp (NYSE:KMB) by 29.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 28,300 shares of the company’s stock after selling 11,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Kimberly Clark were worth $2,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. grew its position in Kimberly Clark by 1,426.9% during the second quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock worth $108,000 after buying an additional 956 shares in the last quarter. Gables Capital Management Inc. acquired a new stake in Kimberly Clark during the first quarter worth about $115,000. Centerpoint Advisors LLC grew its position in Kimberly Clark by 999.0% during the first quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock worth $121,000 after buying an additional 999 shares in the last quarter. Fort L.P. acquired a new stake in Kimberly Clark during the second quarter worth about $125,000. Finally, Lee Financial Co grew its position in Kimberly Clark by 313.8% during the first quarter. Lee Financial Co now owns 1,167 shares of the company’s stock worth $128,000 after buying an additional 885 shares in the last quarter. 73.82% of the stock is currently owned by institutional investors and hedge funds.

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

NYSE KMB opened at $117.09 on Tuesday. The company has a debt-to-equity ratio of 32.28, a quick ratio of 0.49 and a current ratio of 0.76. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 2.64 and a beta of 0.69. Kimberly Clark Corp has a 1-year low of $97.10 and a 1-year high of $123.77.

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 analysts’ consensus estimates of $1.57 by $0.02. The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.60 billion. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. sell-side analysts predict that Kimberly Clark Corp will post 6.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Shareholders of record on Friday, September 7th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, September 6th. Kimberly Clark’s payout ratio is 64.21%.

A number of equities research analysts recently weighed in on KMB shares. ValuEngine downgraded Kimberly Clark from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Zacks Investment Research raised Kimberly Clark from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. Morgan Stanley started coverage on Kimberly Clark in a research report on Thursday, June 21st. They set an “underweight” rating and a $94.00 target price on the stock. Jefferies Financial Group reissued a “hold” rating and set a $96.00 target price on shares of Kimberly Clark in a research report on Friday, July 13th. Finally, UBS Group initiated coverage on Kimberly Clark in a research report on Thursday, July 19th. They set a “sell” rating and a $90.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $106.54.

Kimberly Clark Company 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.

Further Reading: Trading Strategy

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

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