Wedmont Private Capital Has $1.07 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Wedmont Private Capital lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 32.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,647 shares of the company’s stock after selling 3,754 shares during the quarter. Wedmont Private Capital’s holdings in Kimberly-Clark were worth $1,069,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of Kimberly-Clark by 0.5% in the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock valued at $95,492,000 after purchasing an additional 3,273 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Kimberly-Clark by 2.8% in the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock valued at $60,615,000 after purchasing an additional 12,768 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kimberly-Clark by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 844,363 shares of the company’s stock valued at $110,645,000 after purchasing an additional 26,345 shares in the last quarter. Unigestion Holding SA boosted its holdings in shares of Kimberly-Clark by 8.2% in the 1st quarter. Unigestion Holding SA now owns 127,623 shares of the company’s stock valued at $18,145,000 after purchasing an additional 9,643 shares in the last quarter. Finally, Farmers Trust Co. boosted its holdings in shares of Kimberly-Clark by 108.6% in the 1st quarter. Farmers Trust Co. now owns 45,088 shares of the company’s stock valued at $6,412,000 after purchasing an additional 23,472 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 1.3%

Shares of NYSE:KMB opened at $133.55 on Monday. The firm has a market cap of $44.31 billion, a P/E ratio of 17.69, a P/E/G ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The business has a fifty day simple moving average of $137.30 and a 200 day simple moving average of $135.44.

Kimberly-Clark (NYSE:KMB) last announced its 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. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the company earned $2.01 EPS. Analysts predict 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. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Analyst Ratings Changes

KMB has been the topic of a number of research analyst reports. UBS Group raised their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Evercore ISI dropped their price target on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their price target on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.08.

Kimberly-Clark 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.