Kimberly-Clark Co. (NYSE:KMB) Shares Sold by SVB Wealth LLC

SVB Wealth LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 8,615 shares of the company’s stock after selling 94 shares during the period. SVB Wealth LLC’s holdings in Kimberly-Clark were worth $1,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $25,000. Cranbrook Wealth Management LLC raised its stake in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Centerpoint Advisors LLC lifted its position in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $34,000. Finally, Legacy Financial Group LLC acquired a new stake in Kimberly-Clark during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3 %

Kimberly-Clark stock opened at $125.62 on Friday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The firm’s 50-day moving average is $124.12 and its 200-day moving average is $122.28. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The company has a market cap of $42.32 billion, a P/E ratio of 24.16, a PEG ratio of 3.75 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were given a $1.22 dividend. The ex-dividend date was Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a yield of 3.88%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. HSBC lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Wells Fargo & Company increased their target price on Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Barclays upped their price target on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $131.85.

Insider Buying and Selling at Kimberly-Clark

In other news, Director Mark T. Smucker purchased 827 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

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.