Optimum Investment Advisors Sells 400 Shares of Kimberly-Clark Co. (NYSE:KMB)

Optimum Investment Advisors reduced its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 48.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 426 shares of the company’s stock after selling 400 shares during the quarter. Optimum Investment Advisors’ holdings in Kimberly-Clark were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. West Tower Group LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at about $25,000. DHJJ Financial Advisors Ltd. bought a new stake in Kimberly-Clark during the 3rd quarter valued at about $26,000. OFI Invest Asset Management bought a new stake in Kimberly-Clark during the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC bought a new stake in Kimberly-Clark during the 2nd quarter valued at about $34,000. Finally, First Capital Advisors Group LLC. bought a new stake in Kimberly-Clark during the 2nd quarter valued at about $37,000. 74.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the transaction, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KMB shares. Barclays reduced their price target on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reduced their price target on shares of Kimberly-Clark from $125.00 to $123.00 and set a “sector perform” rating for the company in a research note on Thursday, January 25th. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Finally, Bank of America lowered shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $135.00 to $115.00 in a research note on Friday, December 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $130.36.

Check Out Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $124.47 on Friday. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The company has a market capitalization of $41.94 billion, a P/E ratio of 23.94, a P/E/G ratio of 4.02 and a beta of 0.40. The firm’s 50 day simple moving average is $122.22 and its two-hundred day simple moving average is $122.18.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the firm earned $1.54 EPS. Kimberly-Clark’s revenue for the quarter was up .7% compared to the same quarter last year. Research analysts expect that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 3.92%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s payout ratio is currently 93.85%.

Kimberly-Clark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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