Allen Investment Management LLC Has $647,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Allen Investment Management LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after selling 230 shares during the quarter. Allen Investment Management LLC’s holdings in Kimberly-Clark were worth $647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $437,420,000. Capital World Investors raised its holdings in Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after purchasing an additional 370,094 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Kimberly-Clark by 2.9% in the 1st quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock worth $222,093,000 after purchasing an additional 48,103 shares during the period. Raymond James & Associates boosted its stake in shares of Kimberly-Clark by 5.3% in the 1st quarter. Raymond James & Associates now owns 1,415,085 shares of the company’s stock valued at $183,041,000 after purchasing an additional 70,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Kimberly-Clark by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,166,693 shares of the company’s stock worth $141,758,000 after buying an additional 53,578 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.4 %

KMB stock traded up $0.51 during mid-day trading on Friday, reaching $141.53. 1,478,833 shares of the company traded hands, compared to its average volume of 1,642,429. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.18 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $142.41. The firm’s 50 day moving average price is $136.56 and its 200 day moving average price is $128.78. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. Kimberly-Clark’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares in the company, valued at $4,562,467.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a report on Friday. The Goldman Sachs Group upped their target price on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Tuesday, June 18th. Finally, HSBC lifted their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $143.36.

About Kimberly-Clark

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.