Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 22,015 shares of the company’s stock after selling 1,292 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Kimberly-Clark were worth $2,848,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Kimberly-Clark by 1.7% during the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after purchasing an additional 82 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Kimberly-Clark by 2.2% during the 4th quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after purchasing an additional 84 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Kimberly-Clark by 5.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock worth $212,000 after buying an additional 88 shares during the period. Emerald Advisors LLC lifted its holdings in Kimberly-Clark by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after buying an additional 90 shares in the last quarter. Finally, Security National Bank of SO Dak boosted its position in Kimberly-Clark by 1.2% in the 4th quarter. Security National Bank of SO Dak now owns 7,770 shares of the company’s stock valued at $944,000 after buying an additional 90 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock traded down $1.15 on Friday, reaching $138.20. 4,428,326 shares of the company were exchanged, compared to its average volume of 2,077,578. The firm has a market cap of $46.53 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 3.14 and a beta of 0.38. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company’s 50-day moving average is $135.86 and its two-hundred day moving average is $127.49.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7.06 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Tuesday, June 18th. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. UBS Group upped their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.64.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is 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.