Zurich Insurance Group Ltd FI reduced its position in Kimberly Clark Corp (NYSE:KMB) by 15.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,657 shares of the company’s stock after selling 7,255 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Kimberly Clark were worth $4,177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. lifted its stake in shares of Kimberly Clark by 1,426.9% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,023 shares of the company’s stock valued at $108,000 after acquiring an additional 956 shares during the last quarter. Gables Capital Management Inc. bought a new stake in shares of Kimberly Clark in the 1st quarter valued at about $115,000. Centerpoint Advisors LLC lifted its stake in shares of Kimberly Clark by 999.0% in the 1st quarter. Centerpoint Advisors LLC now owns 1,099 shares of the company’s stock valued at $121,000 after acquiring an additional 999 shares during the last quarter. Fort L.P. bought a new stake in shares of Kimberly Clark in the 2nd quarter valued at about $125,000. Finally, Lee Financial Co lifted its stake in shares of Kimberly Clark by 313.8% in the 1st quarter. Lee Financial Co now owns 1,167 shares of the company’s stock valued at $128,000 after acquiring an additional 885 shares during the last quarter. 73.82% of the stock is owned by institutional investors.

In other news, insider Anthony J. Palmer sold 6,445 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $117.34, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aaron Powell sold 1,100 shares of the stock in a transaction that occurred on Wednesday, July 25th. The stock was 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 directly owns 1,117 shares of the company’s stock, valued at approximately $118,357.32. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

KMB has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on Kimberly Clark from $94.00 to $102.00 and gave the company a “sell” rating in a research note on Friday, August 31st. Deutsche Bank boosted their target price on Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. UBS Group started coverage on Kimberly Clark in a research report on Thursday, July 19th. They set a “sell” rating and a $90.00 price target for the company. ValuEngine raised Kimberly Clark from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 18th. Finally, Bank of America upped their price target on Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, September 6th. Three investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Kimberly Clark currently has a consensus rating of “Hold” and a consensus target price of $106.54.

KMB opened at $116.72 on Tuesday. The company has a market cap of $40.49 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 2.64 and a beta of 0.69. 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 one year low of $97.10 and a one year high of $123.77.

Kimberly Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.02. Kimberly Clark had a return on equity of 432.18% and a net margin of 9.33%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter in the prior year, the company earned $1.49 EPS. The business’s revenue was up .6% compared to the same quarter last year. equities research analysts forecast that Kimberly Clark Corp will post 6.69 EPS for the current fiscal year.

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

Further Reading: Short Selling

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

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