KCM Investment Advisors LLC Sells 2,294 Shares of Kimberly-Clark Co. (NYSE:KMB)

KCM Investment Advisors LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,503 shares of the company's stock after selling 2,294 shares during the quarter. KCM Investment Advisors LLC's holdings in Kimberly-Clark were worth $12,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in KMB. FMR LLC increased its holdings in Kimberly-Clark by 3.2% in the third quarter. FMR LLC now owns 572,463 shares of the company's stock valued at $81,450,000 after purchasing an additional 17,919 shares during the period. HighTower Advisors LLC increased its stake in shares of Kimberly-Clark by 2.5% in the third quarter. HighTower Advisors LLC now owns 141,612 shares of the company's stock valued at $20,164,000 after buying an additional 3,514 shares during the period. Janus Henderson Group PLC increased its stake in shares of Kimberly-Clark by 4.2% in the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company's stock valued at $6,735,000 after buying an additional 1,900 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Kimberly-Clark by 23.1% during the third quarter. Integrated Wealth Concepts LLC now owns 25,962 shares of the company's stock worth $3,694,000 after acquiring an additional 4,873 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its stake in shares of Kimberly-Clark by 27.1% in the third quarter. IHT Wealth Management LLC now owns 7,115 shares of the company's stock worth $1,013,000 after acquiring an additional 1,517 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark 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 sale, the vice president now owns 7,720 shares of the company's stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Up 0.7 %

KMB stock traded up $0.93 during mid-day trading on Thursday, reaching $136.08. 844,119 shares of the company traded hands, compared to its average volume of 2,144,819. The stock has a market cap of $45.13 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45. The firm's 50 day moving average price is $138.05 and its 200 day moving average price is $135.76. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts predict 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 was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.70%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 27th. UBS Group boosted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, March 28th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of "Hold" and an average target price of $144.85.

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.