Kimberly-Clark Corporation $KMB Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 59.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,226 shares of the company’s stock after selling 19,084 shares during the quarter. Shell Asset Management Co.’s holdings in Kimberly-Clark were worth $1,645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Cloud Capital Management LLC acquired a new position in Kimberly-Clark in the third quarter worth about $25,000. True Wealth Design LLC lifted its holdings in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the last quarter. Princeton Global Asset Management LLC grew its position in shares of Kimberly-Clark by 989.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock worth $27,000 after acquiring an additional 188 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $27,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

NASDAQ KMB opened at $109.41 on Monday. The company has a 50-day moving average price of $101.45 and a two-hundred day moving average price of $113.69. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The stock has a market cap of $36.32 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 4.30 and a beta of 0.26. 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 released its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is 83.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KMB shares. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a report on Friday, January 16th. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Thursday, November 13th. TD Cowen dropped their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Citigroup cut their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $118.58.

Kimberly-Clark Company 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.