Axxcess Wealth Management LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Axxcess Wealth Management LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 57.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,067 shares of the company’s stock after selling 15,181 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,431,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 5.2% during the first quarter. EP Wealth Advisors LLC now owns 16,430 shares of the company’s stock worth $2,125,000 after acquiring an additional 813 shares during the last quarter. Freestone Capital Holdings LLC increased its position in shares of Kimberly-Clark by 33.2% during the first quarter. Freestone Capital Holdings LLC now owns 3,506 shares of the company’s stock worth $454,000 after acquiring an additional 873 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of Kimberly-Clark by 107.8% during the first quarter. CreativeOne Wealth LLC now owns 12,129 shares of the company’s stock worth $1,569,000 after acquiring an additional 6,293 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Kimberly-Clark by 136.9% during the first quarter. Shell Asset Management Co. now owns 5,210 shares of the company’s stock worth $674,000 after acquiring an additional 3,011 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the first quarter worth about $27,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the sale, the insider now owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The disclosure for this sale can be found here. Insiders have sold a total of 51,462 shares of company stock valued at $7,206,653 over the last quarter. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $0.74 during midday trading on Friday, hitting $141.81. 2,064,513 shares of the company’s stock were exchanged, compared to its average volume of 2,201,267. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.54. The stock’s 50 day moving average price is $137.81 and its 200-day moving average price is $130.18. The firm has a market cap of $47.76 billion, a P/E ratio of 26.07, a PEG ratio of 3.01 and a beta of 0.37. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $145.62.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.44%. Kimberly-Clark’s payout ratio is 89.71%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 20th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. HSBC lifted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Finally, Citigroup lifted their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.67.

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.