Avaii Wealth Management LLC Has $1.42 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Avaii Wealth Management LLC trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.5% during the fourth quarter, HoldingsChannel reports. The fund owned 10,842 shares of the company’s stock after selling 511 shares during the period. Kimberly-Clark comprises about 0.7% of Avaii Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. Avaii Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Park Avenue Securities LLC raised its holdings in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the last quarter. Pensionfund Sabic grew its position in Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC increased its stake in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Vest Financial LLC lifted its position in Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after buying an additional 21,339 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the business’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 completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Up 1.1 %

Shares of KMB opened at $128.40 on Friday. The firm’s 50-day simple moving average is $131.85 and its 200 day simple moving average is $137.60. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market cap of $42.82 billion, a P/E ratio of 16.65, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KMB. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Barclays lowered their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, UBS Group cut their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.71.

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.