Corient Private Wealth LLC Sells 23,035 Shares of Kimberly-Clark Co. (NYSE:KMB)

Corient Private Wealth LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,856 shares of the company's stock after selling 23,035 shares during the quarter. Corient Private Wealth LLC owned about 0.09% of Kimberly-Clark worth $40,080,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $29,000. Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC bought a new position in Kimberly-Clark during the 4th quarter valued at approximately $32,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB traded down $0.54 on Wednesday, reaching $139.00. The company's stock had a trading volume of 639,012 shares, compared to its average volume of 2,012,385. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The stock has a market capitalization of $46.10 billion, a P/E ratio of 18.41, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock's 50 day simple moving average is $134.05 and its two-hundred day simple moving average is $136.34.

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Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.63%. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $143.64.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company's stock.

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.