Azzad Asset Management Inc. ADV Sells 9,836 Shares of Kimberly-Clark Corporation $KMB

Azzad Asset Management Inc. ADV reduced its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,677 shares of the company’s stock after selling 9,836 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Kimberly-Clark were worth $3,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in Kimberly-Clark during the third quarter worth $25,000. Princeton Global Asset Management LLC boosted its position in Kimberly-Clark by 989.5% during the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the last quarter. Winnow Wealth LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth about $27,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 2nd quarter worth about $27,000. Finally, True Wealth Design LLC lifted its stake in shares of Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.1%

Kimberly-Clark stock opened at $104.33 on Friday. The firm has a market capitalization of $34.63 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 4.10 and a beta of 0.26. The firm’s fifty day moving average price is $101.33 and its two-hundred day moving average price is $114.49. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $150.45. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, equities research analysts predict that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 83.03%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent analyst reports. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Evercore reaffirmed an “in-line” rating and set a $120.00 price objective (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, January 5th. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $127.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, TD Cowen reduced their price target on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $118.58.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.