Allworth Financial LP Has $1.91 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Allworth Financial LP grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 27.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,150 shares of the company’s stock after purchasing an additional 3,228 shares during the period. Allworth Financial LP’s holdings in Kimberly-Clark were worth $1,911,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the 4th quarter valued at approximately $32,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $33,000. Finally, Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMB shares. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Finally, Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

KMB stock opened at $135.66 on Wednesday. The firm has a market cap of $45.24 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. The stock has a 50-day moving average price of $129.84 and a 200-day moving average price of $136.49. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $118.62 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

Insider Activity

In related 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 transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.