Focus Partners Advisor Solutions LLC Sells 7,045 Shares of Kimberly-Clark Corporation $KMB

Focus Partners Advisor Solutions LLC cut its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 56.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,331 shares of the company’s stock after selling 7,045 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Kimberly-Clark were worth $716,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KMB. 111 Capital increased its stake in Kimberly-Clark by 24.1% in the 3rd quarter. 111 Capital now owns 2,375 shares of the company’s stock worth $295,000 after acquiring an additional 461 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its position in shares of Kimberly-Clark by 21.1% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,957 shares of the company’s stock valued at $4,347,000 after acquiring an additional 6,083 shares during the last quarter. WASHINGTON TRUST Co boosted its position in shares of Kimberly-Clark by 23.3% during the 3rd quarter. WASHINGTON TRUST Co now owns 4,953 shares of the company’s stock valued at $616,000 after acquiring an additional 936 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Kimberly-Clark by 1.8% in the third quarter. Fisher Asset Management LLC now owns 44,472 shares of the company’s stock valued at $5,530,000 after purchasing an additional 803 shares in the last quarter. Finally, Finemark National Bank & Trust increased its position in Kimberly-Clark by 17.7% in the third quarter. Finemark National Bank & Trust now owns 3,293 shares of the company’s stock worth $409,000 after purchasing an additional 496 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3%

NASDAQ KMB opened at $104.58 on Friday. The company’s 50-day moving average price is $103.41 and its 200-day moving average price is $111.22. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The stock has a market cap of $34.71 billion, a PE ratio of 17.23, a PEG ratio of 3.76 and a beta of 0.24. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $150.45.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is presently 83.03%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. UBS Group upped their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. Finally, Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $119.00.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the business’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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Company 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.