NBT Bank N A NY Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

NBT Bank N A NY trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,003 shares of the company’s stock after selling 325 shares during the quarter. NBT Bank N A NY’s holdings in Kimberly-Clark were worth $830,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFG Advisory LLC bought a new position in shares of Kimberly-Clark during the second quarter worth about $821,000. Concurrent Investment Advisors LLC boosted its holdings in Kimberly-Clark by 66.2% in the second quarter. Concurrent Investment Advisors LLC now owns 11,703 shares of the company’s stock worth $1,617,000 after purchasing an additional 4,661 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $845,000. Intact Investment Management Inc. acquired a new position in shares of Kimberly-Clark in the 2nd quarter valued at about $4,787,000. Finally, Americana Partners LLC lifted its holdings in Kimberly-Clark by 9.1% in the second quarter. Americana Partners LLC now owns 16,962 shares of the company’s stock worth $2,344,000 after acquiring an additional 1,408 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BNP Paribas started coverage on Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Finally, StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $145.67.

Insider Activity

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated 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 directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 1.0 %

NYSE KMB traded up $1.44 on Friday, hitting $144.66. 2,421,722 shares of the company were exchanged, compared to its average volume of 2,142,577. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The firm has a market capitalization of $48.71 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $145.68. The company’s 50 day moving average price is $140.70 and its 200-day moving average price is $133.51.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Analysts predict that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) 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.