Kimberly-Clark Co. (NYSE:KMB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 11,792 shares of the company’s stock after selling 2,368 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Kimberly-Clark were worth $1,680,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Trust increased its position in shares of Kimberly-Clark by 8.3% during the third quarter. American Trust now owns 3,771 shares of the company’s stock worth $537,000 after purchasing an additional 290 shares in the last quarter. Franklin Resources Inc. grew its stake in Kimberly-Clark by 20.3% during the 3rd quarter. Franklin Resources Inc. now owns 418,270 shares of the company’s stock worth $60,038,000 after buying an additional 70,633 shares during the last quarter. Tidal Investments LLC increased its position in Kimberly-Clark by 9.7% during the third quarter. Tidal Investments LLC now owns 33,947 shares of the company’s stock worth $4,830,000 after buying an additional 2,993 shares during the period. Optimist Retirement Group LLC lifted its stake in Kimberly-Clark by 2.7% in the third quarter. Optimist Retirement Group LLC now owns 17,678 shares of the company’s stock valued at $2,515,000 after buying an additional 461 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of Kimberly-Clark by 81.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 38,449 shares of the company’s stock valued at $5,471,000 after acquiring an additional 17,220 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $131.36 on Tuesday. The firm’s fifty day simple moving average is $136.89 and its 200-day simple moving average is $139.46. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market cap of $43.81 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 2.74 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.71%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMB. UBS Group cut their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark 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.