Kimberly-Clark Corporation $KMB Stake Lessened by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC decreased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 82.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,503 shares of the company’s stock after selling 7,046 shares during the period. Ameritas Advisory Services LLC’s holdings in Kimberly-Clark were worth $187,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Columbia Bank lifted its stake in Kimberly-Clark by 17.4% in the third quarter. Columbia Bank now owns 3,943 shares of the company’s stock valued at $473,000 after buying an additional 584 shares during the last quarter. Metis Global Partners LLC lifted its position in Kimberly-Clark by 30.8% in the 3rd quarter. Metis Global Partners LLC now owns 19,288 shares of the company’s stock valued at $2,398,000 after purchasing an additional 4,538 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter valued at about $323,000. Assetmark Inc. grew its position in Kimberly-Clark by 45.4% in the 3rd quarter. Assetmark Inc. now owns 22,650 shares of the company’s stock worth $2,816,000 after purchasing an additional 7,069 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of Kimberly-Clark by 15.0% in the third quarter. Atria Investments Inc now owns 23,378 shares of the company’s stock valued at $2,907,000 after purchasing an additional 3,042 shares during the period. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated an “overweight” rating and set a $162.00 price target on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, November 13th. Wells Fargo & Company set a $110.00 target price on shares of Kimberly-Clark in a research note on Tuesday. UBS Group upped their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $119.00.

Kimberly-Clark Stock Down 1.7%

NASDAQ:KMB opened at $107.52 on Wednesday. The business’s fifty day moving average price is $101.70 and its 200 day moving average price is $113.42. The firm has a market capitalization of $35.69 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 4.30 and a beta of 0.26. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 4.8%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 83.03%.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.