Sheaff Brock Investment Advisors LLC Sells 1,000 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sheaff Brock Investment Advisors LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,942 shares of the company’s stock after selling 1,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Kimberly-Clark were worth $769,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KMB. SG Americas Securities LLC increased its position in shares of Kimberly-Clark by 111.7% in the fourth quarter. SG Americas Securities LLC now owns 28,218 shares of the company’s stock worth $3,429,000 after purchasing an additional 14,891 shares during the period. CVA Family Office LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $76,000. Pacer Advisors Inc. boosted its stake in Kimberly-Clark by 439.7% in the fourth quarter. Pacer Advisors Inc. now owns 145,665 shares of the company’s stock valued at $17,700,000 after buying an additional 118,675 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Kimberly-Clark by 154.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 7,356 shares of the company’s stock valued at $894,000 after buying an additional 4,461 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Kimberly-Clark by 281.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 278,048 shares of the company’s stock valued at $33,786,000 after buying an additional 205,100 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.5 %

KMB stock traded up $0.74 during mid-day trading on Friday, reaching $141.81. The company’s stock had a trading volume of 1,951,506 shares, compared to its average volume of 2,166,823. The company has a market cap of $47.76 billion, a price-to-earnings ratio of 26.10, a price-to-earnings-growth ratio of 3.08 and a beta of 0.37. The business’s 50 day moving average price is $137.66 and its 200 day moving average price is $130.05. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.62.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 earnings per share. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.18 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. Kimberly-Clark’s dividend payout ratio is 89.71%.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Insiders sold a total of 51,462 shares of company stock worth $7,206,653 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on KMB. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup lifted their price target on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday. They set a “buy” rating and a $161.00 price objective for the company. UBS Group raised their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.67.

About Kimberly-Clark

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.