TD Asset Management Inc Sells 114,891 Shares of Kimberly-Clark Corporation $KMB

TD Asset Management Inc cut its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 27.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 308,393 shares of the company’s stock after selling 114,891 shares during the quarter. TD Asset Management Inc’s holdings in Kimberly-Clark were worth $38,346,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Kimberly-Clark in the 3rd quarter valued at $25,000. True Wealth Design LLC raised its holdings in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Kimberly-Clark in the second quarter worth about $27,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth about $27,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was 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 SEC, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 1.0%

Shares of KMB stock opened at $111.44 on Friday. The firm has a fifty day moving average of $102.90 and a 200-day moving average of $112.33. The stock has a market cap of $36.99 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.97 and a beta of 0.26. Kimberly-Clark Corporation has a 52-week low of $96.26 and a 52-week high of $150.45. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75.

Kimberly-Clark (NASDAQ:KMB) last posted its 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. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. On average, equities research analysts forecast 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. Stockholders of record on Friday, March 6th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is currently 83.03%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Evercore reiterated an “in-line” rating and issued a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. TD Cowen decreased 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. UBS Group increased their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $119.00.

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.