Dock Street Asset Management Inc. Sells 5,949 Shares of Kimberly-Clark Co. (NYSE:KMB)

Dock Street Asset Management Inc. trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 30.4% in the 1st quarter, HoldingsChannel reports. The firm owned 13,588 shares of the company’s stock after selling 5,949 shares during the quarter. Dock Street Asset Management Inc.’s holdings in Kimberly-Clark were worth $1,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bivin & Associates Inc. bought a new position in shares of Kimberly-Clark during the fourth quarter worth $26,000. HWG Holdings LP bought a new position in shares of Kimberly-Clark during the 4th quarter valued at about $29,000. Lumature Wealth Partners LLC grew its position in shares of Kimberly-Clark by 66.4% during the fourth quarter. Lumature Wealth Partners LLC now owns 208 shares of the company’s stock valued at $30,000 after purchasing an additional 83 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Kimberly-Clark by 88.1% in the fourth quarter. Capital Analysts LLC now owns 237 shares of the company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $37,000. 74.32% of the stock is owned by institutional investors and hedge funds.

In related news, insider Tristram Wilkinson sold 2,069 shares of Kimberly-Clark stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $137.17, for a total value of $283,804.73. Following the completion of the sale, the insider now directly owns 14,102 shares in the company, valued at $1,934,371.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael D. Hsu sold 41,698 shares of the stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $140.08, for a total transaction of $5,841,055.84. Following the transaction, the chief executive officer now owns 89,593 shares in the company, valued at $12,550,187.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,696 shares of company stock worth $8,807,911. Corporate insiders own 0.55% of the company’s stock.

Several brokerages have recently issued reports on KMB. Barclays decreased their price objective on Kimberly-Clark from $129.00 to $124.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Monday. UBS Group boosted their target price on shares of Kimberly-Clark from $128.00 to $140.00 in a report on Monday, April 25th. Royal Bank of Canada increased their price target on shares of Kimberly-Clark from $122.00 to $124.00 and gave the company a “sector perform” rating in a report on Monday, April 25th. Finally, Wells Fargo & Company boosted their price objective on Kimberly-Clark from $128.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Monday, April 25th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $132.60.

Shares of KMB stock traded up $2.17 on Thursday, reaching $129.74. 25,522 shares of the company’s stock were exchanged, compared to its average volume of 1,508,378. The company’s fifty day simple moving average is $132.29 and its 200 day simple moving average is $132.69. Kimberly-Clark Co. has a 52 week low of $117.32 and a 52 week high of $145.79. The company has a current ratio of 0.81, a quick ratio of 0.50 and a debt-to-equity ratio of 9.49. The stock has a market capitalization of $43.71 billion, a PE ratio of 25.07, a P/E/G ratio of 4.30 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB – Get Rating) last released its earnings results on Friday, April 22nd. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.12. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $4.92 billion. Kimberly-Clark had a return on equity of 253.93% and a net margin of 8.86%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 5.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 10th will be paid a $1.16 dividend. The ex-dividend date is Thursday, June 9th. This represents a $4.64 dividend on an annualized basis and a yield of 3.58%. Kimberly-Clark’s dividend payout ratio is currently 89.40%.

Kimberly-Clark Profile (Get Rating)

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

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