MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Trims Position in Kimberly-Clark Co. (NYSE:KMB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 48.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,002 shares of the company’s stock after selling 29,478 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Kimberly-Clark were worth $4,010,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its stake in Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after purchasing an additional 13,806 shares during the period. Virtu Financial LLC grew its stake in Kimberly-Clark by 506.8% in the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after purchasing an additional 10,820 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Kimberly-Clark in the fourth quarter worth $4,253,000. Nixon Peabody Trust Co. purchased a new stake in Kimberly-Clark in the fourth quarter worth $1,081,000. Finally, Rockline Wealth Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter worth $1,661,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock worth $3,332,776 over the last quarter. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KMB shares. The Goldman Sachs Group boosted their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Barclays boosted their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Tuesday, June 18th. Citigroup boosted their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.64.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $0.17 during mid-day trading on Tuesday, reaching $137.99. 1,547,320 shares of the stock traded hands, compared to its average volume of 2,157,926. The stock has a market capitalization of $46.46 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 3.11 and a beta of 0.37. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $142.20. The business’s 50-day moving average is $136.04 and its 200-day moving average is $127.68.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 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 analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

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.