Pinnacle Wealth Management Advisory Group LLC Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Pinnacle Wealth Management Advisory Group LLC lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 23.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,744 shares of the company’s stock after selling 520 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Kimberly-Clark were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Pension Service raised its stake in Kimberly-Clark by 3.1% during the fourth quarter. National Pension Service now owns 833,376 shares of the company’s stock valued at $101,264,000 after buying an additional 25,077 shares in the last quarter. Pacific Capital Wealth Advisors Inc. bought a new position in Kimberly-Clark during the fourth quarter worth $119,000. Barlow Wealth Partners Inc. acquired a new position in Kimberly-Clark in the fourth quarter worth $273,000. Apollon Wealth Management LLC increased its stake in Kimberly-Clark by 9.8% during the fourth quarter. Apollon Wealth Management LLC now owns 10,500 shares of the company’s stock valued at $1,276,000 after purchasing an additional 935 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in shares of Kimberly-Clark by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 26,221 shares of the company’s stock worth $3,186,000 after buying an additional 491 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB opened at $136.66 on Friday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.29. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The stock has a market cap of $46.01 billion, a P/E ratio of 25.12, a P/E/G ratio of 3.87 and a beta of 0.38. The company has a fifty day simple moving average of $128.68 and a 200 day simple moving average of $123.80.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.57%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Katy Chen sold 454 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the transaction, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Citigroup upped their price objective on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. UBS Group increased their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.85.

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.