Cornerstone Capital Inc. Sells 14,073 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cornerstone Capital Inc. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125,034 shares of the company's stock after selling 14,073 shares during the quarter. Kimberly-Clark comprises about 1.7% of Cornerstone Capital Inc.'s investment portfolio, making the stock its 26th largest position. Cornerstone Capital Inc.'s holdings in Kimberly-Clark were worth $16,384,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $33,000. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KMB shares. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Barclays increased their target price on Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $146.31.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 2.1 %

KMB opened at $142.68 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $139.52 and a 200-day moving average of $135.75. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a market capitalization of $47.32 billion, a P/E ratio of 18.90, a P/E/G ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is 66.75%.

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.

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