Kinloch Capital LLC Sells 9,409 Shares of Kimberly-Clark Corporation $KMB

Kinloch Capital LLC lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB) by 32.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,413 shares of the company’s stock after selling 9,409 shares during the period. Kinloch Capital LLC’s holdings in Kimberly-Clark were worth $1,959,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KMB. Wellington Management Group LLP grew its position in shares of Kimberly-Clark by 26,997.7% in the fourth quarter. Wellington Management Group LLP now owns 7,368,407 shares of the company’s stock valued at $743,399,000 after purchasing an additional 7,341,215 shares during the last quarter. Norges Bank acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $521,184,000. Massachusetts Financial Services Co. MA boosted its stake in Kimberly-Clark by 50.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after purchasing an additional 2,628,206 shares during the period. State Street Corp grew its holdings in Kimberly-Clark by 5.0% in the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after buying an additional 997,397 shares in the last quarter. Finally, TOMS Capital Investment Management LP acquired a new position in Kimberly-Clark in the 4th quarter valued at $92,314,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $102.56 on Friday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The stock has a market capitalization of $34.04 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 4.55 and a beta of 0.28. The stock has a fifty day moving average of $98.37 and a 200-day moving average of $100.79.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. Kimberly-Clark’s payout ratio is 80.38%.

Insider Buying and Selling

In related news, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KMB shares. Deutsche Bank Aktiengesellschaft dropped their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Barclays lowered their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 14th. UBS Group boosted their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $115.43.

Kimberly-Clark Profile

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.