Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,858 shares of the company’s stock after selling 2,207 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Kimberly-Clark were worth $2,413,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC raised its holdings in Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $4,253,000. AE Wealth Management LLC raised its holdings in Kimberly-Clark by 0.3% during the third quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock worth $29,103,000 after purchasing an additional 638 shares in the last quarter. Rockline Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $1,661,000. Finally, Nordea Investment Management AB raised its holdings in Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after purchasing an additional 368,505 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 price objective on shares of Kimberly-Clark in a report on Thursday. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. Barclays lowered their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Bank of America lowered shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $135.00 to $115.00 in a research report on Friday, December 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $132.27.

Check Out Our Latest Research Report on Kimberly-Clark

Kimberly-Clark Stock Performance

NYSE:KMB opened at $129.35 on Monday. The firm’s fifty day moving average price is $122.75 and its 200 day moving average price is $122.03. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 4.07 and a beta of 0.40.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. Kimberly-Clark’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.54 earnings per share. On average, sell-side analysts expect that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a dividend of $1.22 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 7th. Kimberly-Clark’s payout ratio is presently 93.85%.

Kimberly-Clark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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