Marcum Wealth LLC Has $269,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Marcum Wealth LLC cut its position in Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,050 shares of the company’s stock after selling 102 shares during the quarter. Marcum Wealth LLC’s holdings in Kimberly-Clark were worth $269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. boosted its stake in shares of Kimberly-Clark by 2.2% in the second quarter. Oppenheimer & Co. Inc. now owns 19,231 shares of the company’s stock valued at $2,658,000 after buying an additional 408 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares during the period. Sierra Summit Advisors LLC grew its holdings in shares of Kimberly-Clark by 8.6% during the 2nd quarter. Sierra Summit Advisors LLC now owns 2,337 shares of the company’s stock worth $323,000 after purchasing an additional 186 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in shares of Kimberly-Clark by 28.4% in the second quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock worth $288,000 after purchasing an additional 458 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Kimberly-Clark by 3.7% in the second quarter. Renaissance Technologies LLC now owns 440,592 shares of the company’s stock valued at $60,890,000 after purchasing an additional 15,700 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KMB. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. UBS Group reduced their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Trading Up 0.6 %

Shares of KMB stock opened at $126.22 on Wednesday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The stock has a market cap of $42.09 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 2.76 and a beta of 0.41. The stock has a 50-day moving average of $132.77 and a 200-day moving average of $138.22.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Company 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.