Richwood Investment Advisors LLC Sells 310 Shares of Kimberly-Clark Co. (NYSE:KMB)

Richwood Investment Advisors LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,508 shares of the company’s stock after selling 310 shares during the period. Richwood Investment Advisors LLC’s holdings in Kimberly-Clark were worth $669,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the last quarter. Morgan Stanley boosted its position in shares of Kimberly-Clark by 4.6% in the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the last quarter. Northern Trust Corp boosted its position in shares of Kimberly-Clark by 4.0% in the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after purchasing an additional 155,066 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Kimberly-Clark in the 4th quarter worth $437,420,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark 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 sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock worth $3,332,776 in the last quarter. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KMB shares. The Goldman Sachs Group lifted their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. HSBC lifted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from 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 %

KMB traded up $0.13 during trading on Wednesday, reaching $133.87. 1,512,533 shares of the stock traded hands, compared to its average volume of 2,150,020. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $45.08 billion, a PE ratio of 24.53, a P/E/G ratio of 3.58 and a beta of 0.38. The stock’s 50-day moving average is $130.25 and its 200 day moving average is $124.71. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $140.46.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Equities analysts anticipate that Kimberly-Clark Co. will post 7.03 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.65%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.