Bar Harbor Wealth Management Has $1.25 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Bar Harbor Wealth Management cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,808 shares of the company’s stock after selling 259 shares during the period. Bar Harbor Wealth Management’s holdings in Kimberly-Clark were worth $1,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of KMB. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after buying an additional 4,603,787 shares in the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $582,592,000. GAMMA Investing LLC raised its holdings in shares of Kimberly-Clark by 10,975.8% in the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company’s stock worth $270,510,000 after buying an additional 1,884,877 shares in the last quarter. First Trust Advisors LP grew its position in Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after acquiring an additional 1,328,341 shares during the last quarter. Finally, Trinity Financial Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter worth approximately $181,762,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KMB shares. Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Barclays decreased their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Royal Bank of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $143.73.

Insider Buying and Selling

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Down 2.3%

NYSE:KMB opened at $130.84 on Friday. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $43.41 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.46 and a beta of 0.38. The stock’s fifty day simple moving average is $136.70 and its 200-day simple moving average is $135.27.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the company earned $2.01 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s payout ratio is presently 68.66%.

About Kimberly-Clark

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.