Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,943 shares of the company’s stock after selling 187 shares during the quarter. Montag A & Associates Inc.’s holdings in Kimberly-Clark were worth $776,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC boosted its holdings in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Kimberly-Clark in the first quarter worth about $27,000. Cranbrook Wealth Management LLC raised its stake in shares of Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Tuesday, June 18th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Barclays raised their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. The Goldman Sachs Group lifted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $143.36.

Kimberly-Clark Price Performance

KMB traded up $0.44 during trading on Monday, hitting $141.97. The company’s stock had a trading volume of 702,428 shares, compared to its average volume of 2,105,073. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $142.41. The business’s fifty day simple moving average is $136.56 and its 200 day simple moving average is $128.90. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 3.19 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.07 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. Stockholders of record on Friday, June 7th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was 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 in the company, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock valued at $3,332,776 over the last ninety days. Insiders own 0.62% of the company’s stock.

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.