Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,004 shares of the company’s stock after buying an additional 920 shares during the period. HB Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,835,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $731,000. Ieq Capital LLC increased its position in shares of Kimberly-Clark by 23.6% in the second quarter. Ieq Capital LLC now owns 19,212 shares of the company’s stock worth $2,655,000 after acquiring an additional 3,669 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Kimberly-Clark by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock worth $4,010,000 after acquiring an additional 1,155 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Kimberly-Clark by 12.8% in the second quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company’s stock worth $827,000 after acquiring an additional 673 shares in the last quarter. Finally, Merriman Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth approximately $212,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on KMB shares. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays reduced their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday. UBS Group cut their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark Stock Up 0.5 %

Shares of NYSE:KMB opened at $127.33 on Monday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company’s 50-day moving average price is $132.41 and its two-hundred day moving average price is $137.98. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a market cap of $42.46 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The company’s revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.83%. Kimberly-Clark’s payout ratio is presently 63.29%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.