Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,615 shares of the company’s stock after selling 1,651 shares during the period. Whittier Trust Co.’s holdings in Kimberly-Clark were worth $2,140,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KMB. Moneta Group Investment Advisors LLC boosted its stake in shares of Kimberly-Clark by 123,302.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after buying an additional 4,426,568 shares during the last quarter. Cowa LLC purchased a new stake in shares of Kimberly-Clark in the first quarter worth about $54,000. Norges Bank purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth about $441,478,000. Imprint Wealth LLC boosted its position in Kimberly-Clark by 13,781.2% during the second quarter. Imprint Wealth LLC now owns 2,763,613 shares of the company’s stock worth $276,361,000 after purchasing an additional 2,743,704 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Kimberly-Clark by 4.7% during the second quarter. BlackRock Inc. now owns 29,102,531 shares of the company’s stock worth $4,017,895,000 after purchasing an additional 1,312,765 shares in the last quarter. 74.38% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.1 %

KMB opened at $124.93 on Friday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $147.87. The stock has a market capitalization of $42.09 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 3.91 and a beta of 0.40. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The business has a fifty day moving average price of $122.31 and a 200 day moving average price of $122.06.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.91%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is 93.85%.

Analyst Ratings Changes

KMB has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 price target on the stock. Bank of America cut Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their price target for the company from $135.00 to $115.00 in a report on Friday, December 15th. Barclays cut their price target on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Finally, StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $130.36.

Get Our Latest Report on Kimberly-Clark

Insider Transactions at Kimberly-Clark

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

Kimberly-Clark Company 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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