First Horizon Advisors Inc. Sells 449 Shares of Kimberly-Clark Co. (NYSE:KMB)

First Horizon Advisors Inc. decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,643 shares of the company’s stock after selling 449 shares during the quarter. First Horizon Advisors Inc.’s holdings in Kimberly-Clark were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMB. Legacy Financial Group LLC bought a new position in Kimberly-Clark during the third quarter valued at approximately $37,000. Bailard Inc. grew its holdings in shares of Kimberly-Clark by 18.8% in the third quarter. Bailard Inc. now owns 6,914 shares of the company’s stock valued at $836,000 after purchasing an additional 1,096 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in Kimberly-Clark by 1.1% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 162,567 shares of the company’s stock worth $19,646,000 after purchasing an additional 1,800 shares during the last quarter. Brown Advisory Inc. raised its stake in Kimberly-Clark by 3.4% during the third quarter. Brown Advisory Inc. now owns 423,507 shares of the company’s stock valued at $51,181,000 after purchasing an additional 13,757 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new position in Kimberly-Clark during the third quarter valued at $691,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.3 %

Shares of NYSE:KMB opened at $136.09 on Friday. The business’s 50 day moving average is $127.19 and its 200 day moving average is $123.33. The stock has a market cap of $45.82 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $146.15. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data 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. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KMB shares. HSBC upped their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Barclays raised their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Royal Bank of Canada boosted their target price on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $134.85.

Insider Transactions at Kimberly-Clark

In related news, insider Doug Cunningham sold 1,040 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total transaction of $142,334.40. Following the sale, the insider now owns 3,833 shares of the company’s stock, valued at $524,584.38. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 1,040 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total value of $142,334.40. Following the transaction, the insider now owns 3,833 shares in the company, valued at $524,584.38. The disclosure for this sale can be found here. In the last three months, insiders sold 20,562 shares of company stock valued at $2,808,345. Corporate insiders own 0.62% of the company’s stock.

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.