Schafer Cullen Capital Management Inc. Cuts Position in Kimberly-Clark Corporation (KMB)

Schafer Cullen Capital Management Inc. decreased its position in shares of Kimberly-Clark Corporation (NYSE:KMB) by 5.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 799,062 shares of the company’s stock after selling 42,300 shares during the period. Schafer Cullen Capital Management Inc. owned 0.23% of Kimberly-Clark Corporation worth $105,181,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of KMB. Washington Trust Bank increased its stake in Kimberly-Clark Corporation by 7.1% in the first quarter. Washington Trust Bank now owns 8,227 shares of the company’s stock worth $1,083,000 after buying an additional 545 shares during the last quarter. Howland Capital Management LLC increased its stake in Kimberly-Clark Corporation by 1.3% in the first quarter. Howland Capital Management LLC now owns 2,222 shares of the company’s stock worth $292,000 after buying an additional 28 shares during the last quarter. Vicus Capital increased its stake in Kimberly-Clark Corporation by 6.9% in the first quarter. Vicus Capital now owns 5,962 shares of the company’s stock worth $785,000 after buying an additional 384 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Kimberly-Clark Corporation by 2.0% in the first quarter. Capital Investment Advisors LLC now owns 10,272 shares of the company’s stock worth $1,352,000 after buying an additional 202 shares during the last quarter. Finally, First Financial Corp IN increased its stake in Kimberly-Clark Corporation by 86.8% in the first quarter. First Financial Corp IN now owns 4,303 shares of the company’s stock worth $567,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 70.15% of the company’s stock.

Kimberly-Clark Corporation (KMB) traded up 0.44% during mid-day trading on Friday, reaching $121.52. 997,383 shares of the company’s stock traded hands. Kimberly-Clark Corporation has a 52-week low of $111.30 and a 52-week high of $136.21. The company has a market capitalization of $42.93 billion, a price-to-earnings ratio of 20.29 and a beta of 0.76. The company has a 50-day moving average of $122.99 and a 200-day moving average of $128.55.

Kimberly-Clark Corporation (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.49. Kimberly-Clark Corporation had a net margin of 11.82% and a return on equity of 636.30%. The firm had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the previous year, the firm posted $1.53 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Equities research analysts expect that Kimberly-Clark Corporation will post $6.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 8th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark Corporation’s payout ratio is currently 64.88%.

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KMB has been the subject of a number of research reports. Jefferies Group LLC reiterated a “hold” rating and set a $133.00 price target on shares of Kimberly-Clark Corporation in a research report on Wednesday, May 31st. Berenberg Bank assumed coverage on shares of Kimberly-Clark Corporation in a research note on Friday, June 9th. They set a “hold” rating and a $136.00 price objective for the company. Goldman Sachs Group, Inc. (The) set a $157.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “buy” rating in a research note on Monday, June 19th. BidaskClub raised shares of Kimberly-Clark Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Citigroup Inc. set a $134.00 price objective on shares of Kimberly-Clark Corporation and gave the stock a “sell” rating in a research note on Friday, July 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $133.07.

In related news, Director Robert W. Decherd purchased 1,500 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were purchased at an average price of $122.21 per share, with a total value of $183,315.00. Following the completion of the purchase, the director now owns 43,444 shares in the company, valued at approximately $5,309,291.24. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sergio Cruz sold 7,078 shares of Kimberly-Clark Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $130.01, for a total transaction of $920,210.78. Following the completion of the transaction, the insider now directly owns 4,910 shares in the company, valued at approximately $638,349.10. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Kimberly-Clark Corporation 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.