Gilman Hill Asset Management LLC Reduces Position in Kimberly-Clark Corporation $KMB

Gilman Hill Asset Management LLC decreased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 73,777 shares of the company’s stock after selling 6,013 shares during the quarter. Kimberly-Clark comprises 1.2% of Gilman Hill Asset Management LLC’s holdings, making the stock its 27th biggest position. Gilman Hill Asset Management LLC’s holdings in Kimberly-Clark were worth $7,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of KMB. Focus Financial Network Inc. grew its position in shares of Kimberly-Clark by 133.0% during the fourth quarter. Focus Financial Network Inc. now owns 6,259 shares of the company’s stock worth $639,000 after acquiring an additional 3,573 shares during the last quarter. Silverlake Wealth Management LLC raised its position in Kimberly-Clark by 4.0% in the 4th quarter. Silverlake Wealth Management LLC now owns 18,543 shares of the company’s stock valued at $1,871,000 after purchasing an additional 720 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its stake in Kimberly-Clark by 96.1% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 4,148 shares of the company’s stock worth $418,000 after purchasing an additional 2,033 shares during the period. SG Americas Securities LLC boosted its stake in Kimberly-Clark by 2,900.3% during the 4th quarter. SG Americas Securities LLC now owns 364,899 shares of the company’s stock worth $36,815,000 after purchasing an additional 352,737 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Kimberly-Clark by 282.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 166,356 shares of the company’s stock worth $16,784,000 after purchasing an additional 122,864 shares during the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KMB shares. Barclays set a $102.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 16th. TD Cowen lowered their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research report on Tuesday, February 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Finally, BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 target price on shares of Kimberly-Clark in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $116.42.

Kimberly-Clark Stock Down 0.5%

Shares of Kimberly-Clark stock opened at $98.92 on Wednesday. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12. The company has a market cap of $32.83 billion, a P/E ratio of 16.30, a PEG ratio of 3.54 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The firm has a fifty day moving average of $103.47 and a two-hundred day moving average of $108.50.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.28 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

About Kimberly-Clark

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.