Kimberly-Clark Co. (NYSE:KMB) Shares Sold by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 41.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,061 shares of the company’s stock after selling 2,895 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kimberly-Clark were worth $578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after acquiring an additional 4,603,787 shares during the last quarter. Norges Bank acquired a new position in Kimberly-Clark in the fourth quarter valued at $582,592,000. GAMMA Investing LLC boosted its holdings in Kimberly-Clark by 10,975.8% in the first quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock valued at $270,510,000 after acquiring an additional 1,884,877 shares during the last quarter. First Trust Advisors LP boosted its holdings in Kimberly-Clark by 163.1% in the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock valued at $280,786,000 after acquiring an additional 1,328,341 shares during the last quarter. Finally, Trinity Financial Advisors LLC acquired a new position in Kimberly-Clark in the first quarter valued at $181,762,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares of the company’s stock, valued at $405,032.52. This represents a 36.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on KMB shares. Barclays cut their price objective on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. UBS Group raised their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Evercore ISI cut their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company raised their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.50.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $132.53 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a 50 day moving average of $134.28 and a two-hundred day moving average of $134.75. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market cap of $43.97 billion, a P/E ratio of 17.55, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the company posted $2.01 EPS. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

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.