1832 Asset Management L.P. Sells 3,335 Shares of Kimberly-Clark Co. (NYSE:KMB)

1832 Asset Management L.P. trimmed its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,981 shares of the company’s stock after selling 3,335 shares during the quarter. 1832 Asset Management L.P.’s holdings in Kimberly-Clark were worth $3,035,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cranbrook Wealth Management LLC raised its holdings in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark during the fourth quarter valued at $35,000. Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $37,000. Northwest Financial Advisors bought a new stake in shares of Kimberly-Clark in the 4th quarter worth about $40,000. Finally, Operose Advisors LLC raised its position in shares of Kimberly-Clark by 122.5% during the 3rd quarter. Operose Advisors LLC now owns 356 shares of the company’s stock valued at $43,000 after buying an additional 196 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $134.48 on Friday. The firm’s 50 day simple moving average is $132.10 and its 200-day simple moving average is $125.78. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $139.75. The firm has a market cap of $45.28 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.61 and a beta of 0.38.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same period in the previous year, the company posted $1.67 EPS. Kimberly-Clark’s revenue was down .9% on a year-over-year basis. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.02 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm 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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Activity

In related news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on 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 transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following 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. In the last quarter, insiders sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Royal Bank of Canada upgraded Kimberly-Clark from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $126.00 to $165.00 in a research report on Monday, June 3rd. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Finally, Barclays raised their target price on shares of Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $137.85.

Check Out Our Latest Stock Report on KMB

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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