Fiduciary Group LLC Lowers Holdings in Kimberly Clark Corp (NYSE:KMB)

Fiduciary Group LLC trimmed its holdings in Kimberly Clark Corp (NYSE:KMB) by 3.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,429 shares of the company’s stock after selling 105 shares during the period. Fiduciary Group LLC’s holdings in Kimberly Clark were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KMB. Norges Bank purchased a new position in shares of Kimberly Clark in the fourth quarter valued at about $526,300,000. Acadian Asset Management LLC purchased a new position in shares of Kimberly Clark in the fourth quarter valued at about $68,194,000. FIL Ltd lifted its position in shares of Kimberly Clark by 34.9% in the fourth quarter. FIL Ltd now owns 1,717,864 shares of the company’s stock valued at $236,292,000 after acquiring an additional 444,767 shares in the last quarter. Cullen Capital Management LLC lifted its position in shares of Kimberly Clark by 96.9% in the first quarter. Cullen Capital Management LLC now owns 815,567 shares of the company’s stock valued at $104,287,000 after acquiring an additional 401,292 shares in the last quarter. Finally, Eaton Vance Management lifted its position in shares of Kimberly Clark by 293.8% in the fourth quarter. Eaton Vance Management now owns 513,652 shares of the company’s stock valued at $70,653,000 after acquiring an additional 383,215 shares in the last quarter. Institutional investors and hedge funds own 72.55% of the company’s stock.

KMB stock traded up $2.28 during midday trading on Friday, reaching $139.74. 1,442,456 shares of the company traded hands, compared to its average volume of 1,705,895. Kimberly Clark Corp has a 52-week low of $110.66 and a 52-week high of $149.23. The company has a debt-to-equity ratio of 156.74, a quick ratio of 0.63 and a current ratio of 0.87. The business has a 50 day moving average of $136.74 and a 200-day moving average of $136.98. The firm has a market capitalization of $46.81 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 3.59 and a beta of 0.49.

Kimberly Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.15. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the prior year, the business posted $1.66 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Kimberly Clark Corp will post 7.57 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $4.28 dividend on an annualized basis and a yield of 3.06%. Kimberly Clark’s dividend payout ratio (DPR) is presently 62.12%.

In other news, insider Kimberly K. Underhill sold 4,679 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $139.00, for a total transaction of $650,381.00. Following the transaction, the insider now owns 42,643 shares of the company’s stock, valued at $5,927,377. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kimberly K. Underhill sold 24,469 shares of the stock in a transaction on Monday, April 27th. The shares were sold at an average price of $140.25, for a total value of $3,431,777.25. Following the sale, the insider now owns 57,527 shares of the company’s stock, valued at approximately $8,068,161.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,536 shares of company stock worth $5,969,866. Company insiders own 0.72% of the company’s stock.

A number of equities research analysts recently commented on the company. Deutsche Bank boosted their target price on Kimberly Clark from $143.00 to $145.00 and gave the stock a “hold” rating in a research report on Thursday, April 23rd. Goldman Sachs Group upgraded Kimberly Clark to a “hold” rating in a research report on Monday, March 30th. Jefferies Financial Group boosted their target price on Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Royal Bank of Canada reiterated a “hold” rating and issued a $149.00 target price on shares of Kimberly Clark in a research report on Wednesday, April 22nd. Finally, Citigroup boosted their target price on Kimberly Clark from $123.00 to $135.00 and gave the stock a “sell” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Kimberly Clark has an average rating of “Hold” and a consensus price target of $146.70.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

Read More: Are sell-side analysts objective?

Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.