Greenwich Wealth Management LLC Acquires New Stake in Kimberly Clark Corp (KMB)

Greenwich Wealth Management LLC purchased a new position in Kimberly Clark Corp (NYSE:KMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,280 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors have also modified their holdings of the company. WMS Partners LLC increased its position in shares of Kimberly Clark Corp by 17.4% in the third quarter. WMS Partners LLC now owns 4,727 shares of the company’s stock worth $596,000 after buying an additional 700 shares in the last quarter. First Midwest Bank Trust Division increased its position in Kimberly Clark Corp by 4.2% in the third quarter. First Midwest Bank Trust Division now owns 26,208 shares of the company’s stock valued at $3,306,000 after buying an additional 1,045 shares during the period. Rikoon Group LLC purchased a new position in Kimberly Clark Corp during the third quarter valued at $1,019,000. Coconut Grove Bank increased its position in Kimberly Clark Corp by 2.6% in the third quarter. Coconut Grove Bank now owns 8,489 shares of the company’s stock valued at $1,071,000 after buying an additional 212 shares during the period. Finally, Girard Partners LTD. increased its position in Kimberly Clark Corp by 5.4% in the third quarter. Girard Partners LTD. now owns 10,185 shares of the company’s stock valued at $1,285,000 after buying an additional 519 shares during the period. Institutional investors own 68.65% of the company’s stock.

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

Kimberly Clark Corp (NYSE:KMB) opened at 129.51 on Friday. Kimberly Clark Corp has a 12 month low of $111.30 and a 12 month high of $138.87. The stock has a market cap of $45.97 billion, a P/E ratio of 21.37 and a beta of 0.65. The company’s 50-day moving average price is $129.65 and its 200-day moving average price is $123.97.

Kimberly Clark Corp (NYSE:KMB) last posted its earnings results on Monday, April 24th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.03. Kimberly Clark Corp had a return on equity of 614.22% and a net margin of 11.90%. The firm had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the company earned $1.53 EPS. Kimberly Clark Corp’s revenue was up .2% on a year-over-year basis. Equities analysts forecast that Kimberly Clark Corp will post $6.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 9th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Wednesday, June 7th. Kimberly Clark Corp’s payout ratio is currently 61.54%.

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Several equities analysts have recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $128.00 target price on shares of Kimberly Clark Corp in a research report on Sunday, April 23rd. Jefferies Group LLC assumed coverage on Kimberly Clark Corp in a research report on Tuesday, April 18th. They issued a “hold” rating and a $134.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark Corp in a research report on Thursday, March 23rd. Zacks Investment Research upgraded Kimberly Clark Corp from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a research report on Wednesday, April 12th. Finally, Barclays PLC set a $135.00 target price on Kimberly Clark Corp and gave the company a “hold” rating in a research report on Saturday, February 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $133.50.

In other Kimberly Clark Corp news, SVP Sandra Macquillan sold 5,081 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $129.82, for a total transaction of $659,615.42. Following the transaction, the senior vice president now owns 5,364 shares of the company’s stock, valued at approximately $696,354.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Thomas J. Mielke sold 20,108 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $128.11, for a total value of $2,576,035.88. Following the transaction, the senior vice president now directly owns 23,543 shares in the company, valued at approximately $3,016,093.73. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by corporate insiders.

Kimberly Clark Corp Company Profile

Kimberly-Clark Corporation is engaged in the manufacturing and marketing of a range of products made from natural or synthetic fibers. The Company’s segments include Personal Care, Consumer Tissue, K-C Professional and Corporate & Other. The Company’s Personal Care segment offers various solutions and products, such as disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products.

12 Month Chart for NYSE:KMB

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