Kimberly-Clark Corporation $KMB Shares Sold by Albion Financial Group UT

Albion Financial Group UT decreased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 30.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,972 shares of the company’s stock after selling 7,352 shares during the period. Albion Financial Group UT’s holdings in Kimberly-Clark were worth $1,712,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KMB. Brighton Jones LLC increased its stake in Kimberly-Clark by 74.1% during the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares during the period. EverSource Wealth Advisors LLC increased its stake in Kimberly-Clark by 6.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,087 shares of the company’s stock valued at $527,000 after buying an additional 245 shares during the period. Marshall Wace LLP increased its stake in Kimberly-Clark by 37.2% during the 2nd quarter. Marshall Wace LLP now owns 256,616 shares of the company’s stock valued at $33,083,000 after buying an additional 69,582 shares during the period. Cresset Asset Management LLC increased its stake in Kimberly-Clark by 4.2% during the 2nd quarter. Cresset Asset Management LLC now owns 10,265 shares of the company’s stock valued at $1,336,000 after buying an additional 416 shares during the period. Finally, SageView Advisory Group LLC increased its stake in Kimberly-Clark by 17.5% during the 2nd quarter. SageView Advisory Group LLC now owns 2,037 shares of the company’s stock valued at $258,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $96.99 on Tuesday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The stock has a market cap of $32.19 billion, a P/E ratio of 15.98, a P/E/G ratio of 3.52 and a beta of 0.28. The firm has a 50 day simple moving average of $102.90 and a 200 day simple moving average of $106.59. Kimberly-Clark Corporation has a 52 week low of $94.54 and a 52 week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results 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. The firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 earnings per share. Research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date was Friday, March 6th. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company set a $110.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, February 17th. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Citigroup lowered their price objective on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 16th. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $115.85.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by company insiders.

About Kimberly-Clark

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.