TD Private Client Wealth LLC Reduces Stock Position in Kimberly-Clark Corporation $KMB

TD Private Client Wealth LLC cut its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,131 shares of the company’s stock after selling 9,296 shares during the quarter. TD Private Client Wealth LLC’s holdings in Kimberly-Clark were worth $1,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in Kimberly-Clark in the third quarter worth approximately $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 2nd quarter valued at $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after buying an additional 140 shares during the last quarter. Finally, Investors Research Corp purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by company insiders.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $96.47 on Wednesday. The stock has a 50-day simple moving average of $97.88 and a two-hundred day simple moving average of $101.71. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The firm has a market capitalization of $32.02 billion, a PE ratio of 15.14, a P/E/G ratio of 4.33 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. Bank of America reduced their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group boosted their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays reduced their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Finally, Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.