1,738 Shares in Kimberly-Clark Co. (NYSE:KMB) Bought by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,738 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patten & Patten Inc. TN increased its holdings in Kimberly-Clark by 1.4% in the fourth quarter. Patten & Patten Inc. TN now owns 14,439 shares of the company’s stock valued at $1,754,000 after buying an additional 202 shares in the last quarter. Welch Group LLC increased its holdings in Kimberly-Clark by 1.8% in the fourth quarter. Welch Group LLC now owns 325,154 shares of the company’s stock valued at $39,509,000 after buying an additional 5,896 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in Kimberly-Clark by 1.4% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,188 shares of the company’s stock valued at $1,116,000 after buying an additional 126 shares in the last quarter. SevenBridge Financial Group LLC increased its holdings in Kimberly-Clark by 1.2% in the fourth quarter. SevenBridge Financial Group LLC now owns 12,863 shares of the company’s stock valued at $1,563,000 after buying an additional 150 shares in the last quarter. Finally, Wendell David Associates Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research reports. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $135.00 to $115.00 in a research note on Friday, December 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 target price on shares of Kimberly-Clark in a research note on Thursday, March 28th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group initiated coverage on shares of Kimberly-Clark in a research note on Friday, March 1st. They set a “buy” rating and a $135.00 target price for the company. Finally, HSBC boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $132.27.

View Our Latest Analysis on Kimberly-Clark

Kimberly-Clark Price Performance

Shares of KMB opened at $127.69 on Wednesday. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The firm’s 50 day moving average price is $122.88 and its 200 day moving average price is $122.03. The company has a market cap of $43.02 billion, a P/E ratio of 24.56, a PEG ratio of 3.95 and a beta of 0.40. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMBGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Kimberly-Clark Co. will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were issued a $1.22 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.82%. Kimberly-Clark’s dividend payout ratio is presently 93.85%.

Kimberly-Clark Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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