Crossmark Global Holdings Inc. Sells 16,796 Shares of Kimberly-Clark Corporation $KMB

Crossmark Global Holdings Inc. cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 40.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,849 shares of the company’s stock after selling 16,796 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kimberly-Clark were worth $3,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of KMB. Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark by 186.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after acquiring an additional 28,335 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 2.5% in the third quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after acquiring an additional 58,978 shares during the period. Franklin Resources Inc. raised its holdings in shares of Kimberly-Clark by 3.4% during the second quarter. Franklin Resources Inc. now owns 591,145 shares of the company’s stock valued at $76,234,000 after purchasing an additional 19,298 shares during the last quarter. Synergy Asset Management LLC raised its holdings in shares of Kimberly-Clark by 100.0% during the third quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after purchasing an additional 19,130 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in Kimberly-Clark by 5,751.6% during the second quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after purchasing an additional 92,601 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $104.58 on Friday. Kimberly-Clark Corporation has a 12-month low of $96.26 and a 12-month high of $150.45. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 3.76 and a beta of 0.24. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The firm has a 50 day moving average of $103.41 and a 200 day moving average of $111.22.

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, topping the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

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

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company set a $110.00 target price on shares of Kimberly-Clark in a report on Tuesday, February 17th. Citigroup lowered their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. UBS Group raised their price target on Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Finally, Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.00.

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.