Kimberly-Clark Corporation $KMB Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,028 shares of the company’s stock after selling 7,030 shares during the quarter. Signet Financial Management LLC’s holdings in Kimberly-Clark were worth $709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in Kimberly-Clark in the 3rd quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth $27,000. True Wealth Design LLC boosted its stake in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Finally, West Oak Capital LLC grew its holdings in shares of Kimberly-Clark by 69.7% during the third quarter. West Oak Capital LLC now owns 280 shares of the company’s stock worth $35,000 after buying an additional 115 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Down 0.3%

Shares of KMB stock opened at $98.25 on Monday. The company’s 50-day moving average price is $103.45 and its 200-day moving average price is $108.93. 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 $32.61 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 3.49 and a beta of 0.24. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $147.12.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (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 during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm posted $1.50 earnings per share. Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict 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. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. This is a positive change 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 annualized dividend and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Analysts Set New Price Targets

KMB has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Citigroup cut their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Wells Fargo & Company set a $110.00 target price on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Finally, Barclays set a $102.00 target price on Kimberly-Clark in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $116.42.

Insider Activity

In other news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by corporate insiders.

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.