KCM Investment Advisors LLC Has $7.71 Million Holdings in Kimberly-Clark Corporation $KMB

KCM Investment Advisors LLC decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 11.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,450 shares of the company’s stock after selling 9,702 shares during the period. KCM Investment Advisors LLC’s holdings in Kimberly-Clark were worth $7,713,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 2nd quarter valued at $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Entrust Financial LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $32,000. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KMB shares. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Piper Sandler decreased their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Bank of America decreased their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $114.93.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 7,096 shares of company stock valued at $689,687. Company insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $102.29 on Friday. The business has a 50 day moving average of $97.79 and a 200 day moving average of $100.96. The company has a market capitalization of $33.95 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 4.59 and a beta of 0.28. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. 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 (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 earnings per share. On average, sell-side analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

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.