Stablepoint Partners LLC Sells 6,990 Shares of Kimberly-Clark Corporation $KMB

Stablepoint Partners LLC cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,498 shares of the company’s stock after selling 6,990 shares during the quarter. Stablepoint Partners LLC’s holdings in Kimberly-Clark were worth $2,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in Kimberly-Clark by 5.0% in the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after purchasing an additional 997,397 shares during the period. Invesco Ltd. increased its holdings in shares of Kimberly-Clark by 4.6% during the 2nd quarter. Invesco Ltd. now owns 6,097,800 shares of the company’s stock worth $786,128,000 after purchasing an additional 270,134 shares during the period. Capital World Investors raised its position in shares of Kimberly-Clark by 0.3% during the third quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock valued at $614,357,000 after buying an additional 14,306 shares during the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark during the second quarter valued at about $556,114,000. Finally, Northern Trust Corp lifted its stake in shares of Kimberly-Clark by 0.3% in the third quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock valued at $483,707,000 after buying an additional 9,951 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of several research reports. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. TD Cowen lowered their price objective on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. BNP Paribas Exane restated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.42.

Kimberly-Clark Trading Down 0.5%

KMB stock opened at $98.85 on Friday. Kimberly-Clark Corporation has a 1-year low of $96.26 and a 1-year high of $147.12. 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 business’s 50 day moving average is $103.45 and its 200-day moving average is $108.37. The firm has a market cap of $32.81 billion, a P/E ratio of 16.29, a P/E/G ratio of 3.53 and a beta of 0.24.

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

Kimberly-Clark Increases Dividend

The company 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 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is currently 84.35%.

Insider Activity

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 transaction of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

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.