Focus Financial Network Inc. Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Focus Financial Network Inc. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,661 shares of the company’s stock after selling 523 shares during the period. Focus Financial Network Inc.’s holdings in Kimberly-Clark were worth $382,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth about $29,000. Roxbury Financial LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $33,000. Finally, Sierra Ocean LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $34,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 2.3%

Shares of KMB opened at $130.84 on Friday. The business’s 50-day moving average price is $136.70 and its 200 day moving average price is $135.27. The stock 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. Kimberly-Clark Co. has a 1-year low of $124.10 and a 1-year high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Dividend Announcement

The business 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 $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s payout ratio is 68.66%.

Wall Street Analyst Weigh In

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

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. The trade was a 15.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by company 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.