Savant Capital LLC Has $1.62 Million Stock Position in Kimberly-Clark Corporation $KMB

Savant Capital LLC lowered its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 56.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,028 shares of the company’s stock after selling 16,554 shares during the quarter. Savant Capital LLC’s holdings in Kimberly-Clark were worth $1,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark in the third quarter worth about $25,000. Princeton Global Asset Management LLC boosted its stake in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after purchasing an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark during the 2nd quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth approximately $27,000. Finally, True Wealth Design LLC lifted its holdings in Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the period. 76.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 0.1%

NASDAQ:KMB opened at $104.33 on Monday. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $150.45. The stock has a 50-day moving average price of $101.33 and a two-hundred day moving average price of $114.39. The stock has a market cap of $34.63 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 4.10 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 (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the business posted $1.50 EPS. Kimberly-Clark’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. Kimberly-Clark’s payout ratio is currently 84.35%.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed an “overweight” rating and set a $162.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, October 28th. Evercore reissued an “in-line” rating and issued a $120.00 target price (down previously from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $118.58.

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.