Coastline Trust Co Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Coastline Trust Co cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,335 shares of the company’s stock after selling 525 shares during the quarter. Coastline Trust Co’s holdings in Kimberly-Clark were worth $461,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC grew its holdings in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares during the last quarter. Accordant Advisory Group Inc acquired a new position in Kimberly-Clark during the first quarter valued at $27,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark during the first quarter valued at $27,000. Wetzel Investment Advisors Inc. acquired a new position in Kimberly-Clark during the fourth quarter valued at $35,000. Finally, Northwest Financial Advisors acquired a new position in Kimberly-Clark during the fourth quarter valued at $40,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KMB shares. Barclays decreased their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. BNP Paribas began coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. HSBC upped their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Trading Down 1.6 %

Shares of Kimberly-Clark stock traded down $2.25 during mid-day trading on Monday, hitting $138.07. The stock had a trading volume of 642,823 shares, compared to its average volume of 2,182,340. The firm has a 50-day moving average of $139.25 and a two-hundred day moving average of $131.40. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $145.62. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a market cap of $46.49 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were 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 in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on 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 owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred 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 sale, the insider now owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

About Kimberly-Clark

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.