Verition Fund Management LLC Reduces Stake in Kimberly Clark Corp (KMB)

Verition Fund Management LLC trimmed its position in Kimberly Clark Corp (NYSE:KMB) by 91.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,901 shares of the company’s stock after selling 19,413 shares during the period. Verition Fund Management LLC’s holdings in Kimberly Clark were worth $245,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Heritage Trust Co grew its holdings in Kimberly Clark by 11.2% during the 2nd quarter. Heritage Trust Co now owns 995 shares of the company’s stock worth $128,000 after acquiring an additional 100 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in Kimberly Clark by 63.8% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 1,027 shares of the company’s stock worth $135,000 after acquiring an additional 400 shares during the period. Armbruster Capital Management Inc. grew its holdings in Kimberly Clark by 15.9% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,043 shares of the company’s stock worth $135,000 after acquiring an additional 143 shares during the period. Mosaic Family Wealth LLC grew its stake in shares of Kimberly Clark by 0.5% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,116 shares of the company’s stock valued at $144,000 after buying an additional 6 shares during the period. Finally, Acrospire Investment Management LLC grew its stake in shares of Kimberly Clark by 33.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,200 shares of the company’s stock valued at $155,000 after buying an additional 300 shares during the period. 71.61% of the stock is owned by institutional investors and hedge funds.

Kimberly Clark Corp (NYSE KMB) traded down $0.69 during mid-day trading on Thursday, reaching $122.16. The company’s stock had a trading volume of 1,931,700 shares, compared to its average volume of 1,817,005. Kimberly Clark Corp has a fifty-two week low of $109.67 and a fifty-two week high of $136.21. The company has a debt-to-equity ratio of 14.17, a current ratio of 0.97 and a quick ratio of 0.64. The firm has a market cap of $43,213.39, a P/E ratio of 20.11, a P/E/G ratio of 3.19 and a beta of 0.76.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Monday, October 23rd. The company reported $1.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.06. Kimberly Clark had a net margin of 11.89% and a return on equity of 666.97%. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter last year, the firm earned $1.52 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. equities research analysts expect that Kimberly Clark Corp will post 6.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 8th will be given a dividend of $0.97 per share. The ex-dividend date is Thursday, December 7th. This represents a $3.88 annualized dividend and a dividend yield of 3.18%. Kimberly Clark’s dividend payout ratio is currently 64.03%.

KMB has been the subject of several research reports. Societe Generale upgraded Kimberly Clark from a “hold” rating to a “buy” rating and raised their target price for the company from $112.05 to $144.00 in a research note on Thursday, November 2nd. Citigroup restated a “hold” rating and issued a $125.00 target price (down from $131.00) on shares of Kimberly Clark in a research note on Tuesday, October 24th. Royal Bank Of Canada restated a “hold” rating and issued a $121.00 target price on shares of Kimberly Clark in a research note on Friday, October 13th. Zacks Investment Research upgraded Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Jefferies Group restated a “hold” rating and issued a $119.00 target price on shares of Kimberly Clark in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Kimberly Clark currently has an average rating of “Hold” and a consensus price target of $127.14.

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Kimberly Clark 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.

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

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