Kimberly-Clark Corporation $KMB Holdings Raised by Pinkerton Wealth LLC

Pinkerton Wealth LLC grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.0% in the 4th quarter, HoldingsChannel reports. The firm owned 44,335 shares of the company’s stock after acquiring an additional 5,430 shares during the quarter. Pinkerton Wealth LLC’s holdings in Kimberly-Clark were worth $4,473,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Deseret Mutual Benefit Administrators lifted its holdings in shares of Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares during the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock worth $3,834,000 after acquiring an additional 100 shares in the last quarter. Shoker Investment Counsel Inc. lifted its stake in Kimberly-Clark by 0.6% in the 3rd quarter. Shoker Investment Counsel Inc. now owns 17,546 shares of the company’s stock worth $2,182,000 after acquiring an additional 105 shares in the last quarter. Finally, ORG Wealth Partners LLC lifted its stake in Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock worth $87,000 after acquiring an additional 114 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $97.55 on Thursday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30. The stock’s 50-day moving average is $97.77 and its two-hundred day moving average is $101.55. The firm has a market cap of $32.38 billion, a P/E ratio of 15.31, a PEG ratio of 4.33 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. Analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KMB shares. UBS Group increased their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Zacks Research downgraded Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Finally, Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.93.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is currently owned by insiders.

About Kimberly-Clark

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.