Corient Private Wealth LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Corient Private Wealth LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,901 shares of the company’s stock after selling 1,836 shares during the period. Corient Private Wealth LLC’s holdings in Kimberly-Clark were worth $41,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Private Advisor Group LLC boosted its holdings in shares of Kimberly-Clark by 3.1% during the 3rd quarter. Private Advisor Group LLC now owns 35,226 shares of the company’s stock valued at $4,245,000 after purchasing an additional 1,043 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Kimberly-Clark in the 3rd quarter worth approximately $495,000. US Bancorp DE raised its holdings in shares of Kimberly-Clark by 0.9% during the 3rd quarter. US Bancorp DE now owns 310,316 shares of the company’s stock worth $37,502,000 after acquiring an additional 2,862 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Kimberly-Clark by 15.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 335,965 shares of the company’s stock valued at $40,601,000 after purchasing an additional 44,273 shares in the last quarter. Finally, Signaturefd LLC increased its position in Kimberly-Clark by 2.3% in the third quarter. Signaturefd LLC now owns 7,009 shares of the company’s stock worth $847,000 after purchasing an additional 159 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the sale, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,395 shares of company stock worth $3,332,776. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Barclays boosted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Bank of America raised their price objective on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research note on Wednesday, April 24th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Trading Up 0.1 %

Shares of KMB opened at $133.85 on Thursday. The firm has a market capitalization of $45.07 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 3.59 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $140.46. The company has a 50-day moving average of $130.37 and a 200 day moving average of $124.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, research analysts expect that Kimberly-Clark Co. will post 7.03 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark Company Profile

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.