Great Lakes Advisors LLC Has $1.51 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Great Lakes Advisors LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 44.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,506 shares of the company's stock after selling 9,283 shares during the period. Great Lakes Advisors LLC's holdings in Kimberly-Clark were worth $1,508,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new stake in Kimberly-Clark during the 4th quarter worth $94,000. EverSource Wealth Advisors LLC grew its holdings in Kimberly-Clark by 4.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,096 shares of the company's stock worth $406,000 after acquiring an additional 123 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Kimberly-Clark by 7.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 52,759 shares of the company's stock worth $6,914,000 after acquiring an additional 3,527 shares during the period. Summit X LLC grew its holdings in Kimberly-Clark by 1.6% during the 4th quarter. Summit X LLC now owns 8,485 shares of the company's stock worth $1,112,000 after acquiring an additional 137 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Kimberly-Clark by 20.9% during the 4th quarter. HighTower Advisors LLC now owns 171,224 shares of the company's stock worth $22,437,000 after acquiring an additional 29,612 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of brokerages have recently weighed in on KMB. StockNews.com raised shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Stock Up 0.2 %

NYSE:KMB traded up $0.22 on Wednesday, hitting $139.75. 1,716,269 shares of the company's stock were exchanged, compared to its average volume of 2,016,483. The firm has a 50-day moving average price of $134.05 and a 200-day moving average price of $136.34. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 52 week low of $123.02 and a 52 week high of $150.45. The company has a market cap of $46.35 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark's payout ratio is currently 66.75%.

Kimberly-Clark Company 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.