Waldron Private Wealth LLC Sells 664 Shares of Kimberly-Clark Co. (NYSE:KMB)

Waldron Private Wealth LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 21.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,430 shares of the company’s stock after selling 664 shares during the quarter. Waldron Private Wealth LLC’s holdings in Kimberly-Clark were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KMB. Grove Bank & Trust increased its stake in Kimberly-Clark by 1.8% in the fourth quarter. Grove Bank & Trust now owns 9,767 shares of the company’s stock worth $1,187,000 after purchasing an additional 177 shares during the period. Carnegie Capital Asset Management LLC increased its stake in shares of Kimberly-Clark by 12.4% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 12,264 shares of the company’s stock valued at $1,490,000 after buying an additional 1,350 shares during the period. Lecap Asset Management Ltd. purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at $2,472,000. Louisiana State Employees Retirement System purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at $2,479,000. Finally, Crestwood Advisors Group LLC increased its stake in shares of Kimberly-Clark by 2.4% during the fourth quarter. Crestwood Advisors Group LLC now owns 29,668 shares of the company’s stock valued at $3,605,000 after buying an additional 692 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KMB shares. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. HSBC raised their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $132.43.

Kimberly-Clark Stock Up 1.3 %

Shares of KMB stock opened at $125.45 on Tuesday. The stock has a market cap of $42.27 billion, a P/E ratio of 24.13, a P/E/G ratio of 3.73 and a beta of 0.40. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The stock has a 50 day moving average of $123.84 and a 200 day moving average of $122.20. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.89%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s payout ratio is presently 93.85%.

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.