Bowman & Co S.C. Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Bowman & Co S.C. decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,389 shares of the company’s stock after selling 139 shares during the quarter. Bowman & Co S.C.’s holdings in Kimberly-Clark were worth $444,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the second quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Kimberly-Clark during the third quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter worth about $39,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $127.33 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The business has a 50 day moving average price of $132.41 and a two-hundred day moving average price of $137.98. The firm has a market cap of $42.46 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.83%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KMB. JPMorgan Chase & Co. dropped their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday. UBS Group decreased their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday. Barclays cut their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.71.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by insiders.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.