Park Place Capital Corp Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Park Place Capital Corp reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,007 shares of the company’s stock after selling 550 shares during the period. Park Place Capital Corp’s holdings in Kimberly-Clark were worth $648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Kimberly-Clark by 1.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after purchasing an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Kimberly-Clark by 2.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after purchasing an additional 84 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after purchasing an additional 88 shares during the last quarter. Emerald Advisors LLC boosted its holdings in shares of Kimberly-Clark by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after purchasing an additional 90 shares during the last quarter. Finally, Security National Bank of SO Dak boosted its holdings in shares of Kimberly-Clark by 1.2% in the 4th quarter. Security National Bank of SO Dak now owns 7,770 shares of the company’s stock valued at $944,000 after purchasing an additional 90 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kimberly-Clark

In related news, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Katy Chen sold 454 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at approximately $70,324.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Doug Cunningham sold 3,833 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,395 shares of company stock valued at $3,332,776. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.3 %

Shares of KMB traded down $0.38 during midday trading on Monday, hitting $137.82. The company had a trading volume of 1,971,725 shares, compared to its average volume of 2,162,199. The company’s 50 day moving average price is $135.86 and its 200 day moving average price is $127.56. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 3.11 and a beta of 0.37. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $142.20. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 EPS. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Analyst Ratings Changes

A number of brokerages have weighed in on KMB. HSBC lifted their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, April 24th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.64.

Kimberly-Clark 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.