Axxcess Wealth Management LLC Increases Holdings in Kimberly-Clark Co. (NYSE:KMB)

Axxcess Wealth Management LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,248 shares of the company’s stock after acquiring an additional 2,129 shares during the period. Axxcess Wealth Management LLC’s holdings in Kimberly-Clark were worth $3,189,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Emerald Advisors LLC grew its holdings in Kimberly-Clark by 4.7% in the fourth quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after purchasing an additional 90 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of Kimberly-Clark by 1.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after buying an additional 93 shares during the last quarter. Motco raised its position in shares of Kimberly-Clark by 6.9% in the 3rd quarter. Motco now owns 1,463 shares of the company’s stock worth $177,000 after buying an additional 94 shares during the period. S&CO Inc. lifted its stake in shares of Kimberly-Clark by 0.4% in the 3rd quarter. S&CO Inc. now owns 24,914 shares of the company’s stock valued at $3,010,000 after purchasing an additional 100 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its position in Kimberly-Clark by 4.3% during the third quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock valued at $294,000 after buying an additional 100 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group boosted their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company upped their price target on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday, April 24th. Finally, HSBC lifted their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.41 during trading hours on Friday, reaching $136.09. 1,907,297 shares of the stock were exchanged, compared to its average volume of 2,559,916. The stock has a market capitalization of $45.82 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.87 and a beta of 0.38. The firm has a 50 day simple moving average of $127.48 and a 200-day simple moving average of $123.43. 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 Co. has a 52 week low of $116.32 and a 52 week high of $146.15.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total transaction of $142,334.40. Following the transaction, the insider now owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders sold 20,562 shares of company stock valued at $2,808,345 in the last ninety days. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.