JARISLOWSKY FRASER Ltd Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

JARISLOWSKY FRASER Ltd decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,025 shares of the company’s stock after selling 3,700 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Kimberly-Clark were worth $7,658,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Cranbrook Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. Northwest Financial Advisors purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $40,000. Finally, Operose Advisors LLC boosted its holdings in Kimberly-Clark by 122.5% in the 3rd quarter. Operose Advisors LLC now owns 356 shares of the company’s stock valued at $43,000 after purchasing an additional 196 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock valued at $3,332,776 in the last quarter. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price target on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, April 24th. Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. HSBC lifted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Bank of America increased their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.85.

Read Our Latest Stock Report on Kimberly-Clark

Kimberly-Clark Trading Down 1.8 %

NYSE KMB traded down $2.43 during trading on Tuesday, hitting $129.51. 733,231 shares of the company’s stock traded hands, compared to its average volume of 2,122,460. The stock has a fifty day moving average of $130.81 and a two-hundred day moving average of $125.04. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $139.75. The firm has a market cap of $43.61 billion, a P/E ratio of 24.25, a PEG ratio of 3.54 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMBGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.03 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.77%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Kimberly-Clark Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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