Wendell David Associates Inc. Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Wendell David Associates Inc. trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 8.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,575 shares of the company’s stock after selling 150 shares during the period. Wendell David Associates Inc.’s holdings in Kimberly-Clark were worth $206,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of Kimberly-Clark by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after purchasing an additional 1,155 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Kimberly-Clark by 12,203.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock worth $493,000 after purchasing an additional 3,539 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Kimberly-Clark by 30.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock worth $346,000 after purchasing an additional 594 shares in the last quarter. Public Sector Pension Investment Board grew its position in Kimberly-Clark by 72.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock valued at $1,787,000 after purchasing an additional 5,434 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Kimberly-Clark by 11.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,741 shares of the company’s stock valued at $661,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 0.3 %

Shares of Kimberly-Clark stock opened at $126.12 on Thursday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a fifty day moving average of $132.17 and a 200 day moving average of $137.83. The company has a market capitalization of $42.06 billion, a P/E ratio of 16.36, a P/E/G ratio of 3.54 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.74 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMB. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, Citigroup cut their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.71.

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.