Plimoth Trust Co. LLC Sells 630 Shares of Kimberly-Clark Co. (NYSE:KMB)

Plimoth Trust Co. LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,962 shares of the company’s stock after selling 630 shares during the period. Plimoth Trust Co. LLC’s holdings in Kimberly-Clark were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KMB. Price T Rowe Associates Inc. MD increased its stake in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock valued at $762,279,000 after acquiring an additional 944,920 shares during the last quarter. Capital World Investors increased its position in shares of Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after purchasing an additional 342,790 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after buying an additional 354,501 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after acquiring an additional 48,103 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Kimberly-Clark by 48.4% in the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. 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 stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. BNP Paribas assumed coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. TD Cowen started coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $149.14.

Kimberly-Clark Stock Down 0.8 %

Kimberly-Clark stock traded down $1.20 during mid-day trading on Monday, hitting $144.21. The company had a trading volume of 2,507,533 shares, compared to its average volume of 2,109,113. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30. The company has a market capitalization of $48.56 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The stock’s 50 day moving average price is $143.15 and its two-hundred day moving average price is $138.46. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. Kimberly-Clark’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.38%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark Company Profile

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.