Kimberly-Clark Corporation $KMB Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 26.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,773 shares of the company’s stock after selling 11,699 shares during the quarter. Fisher Asset Management LLC’s holdings in Kimberly-Clark were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark during the third quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. raised its stake in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Finally, Entrust Financial LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, insider Katy Chen sold 1,596 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. This represents a 16.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of several research reports. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Barclays lowered their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group upped their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Stock Down 0.0%

NASDAQ:KMB opened at $100.14 on Friday. The firm has a market capitalization of $33.24 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 4.49 and a beta of 0.29. The stock has a 50 day moving average of $97.71 and a 200-day moving average of $101.33. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $144.30. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion during 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%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 earnings per share. Analysts predict that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is 80.38%.

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.