Crossmark Global Holdings Inc. Increases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Crossmark Global Holdings Inc. boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,749 shares of the company’s stock after acquiring an additional 8,645 shares during the period. Crossmark Global Holdings Inc.’s holdings in Kimberly-Clark were worth $7,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Thrivent Financial for Lutherans boosted its stake in Kimberly-Clark by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after buying an additional 1,155 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of Kimberly-Clark by 12,203.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock valued at $493,000 after acquiring an additional 3,539 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Kimberly-Clark by 44.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,455 shares of the company’s stock valued at $204,000 after acquiring an additional 448 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kimberly-Clark by 30.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock worth $346,000 after purchasing an additional 594 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in shares of Kimberly-Clark by 72.5% during the second quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,434 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE:KMB opened at $126.47 on Wednesday. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock’s 50-day moving average is $132.29 and its 200 day moving average is $137.91. The company has a market cap of $42.18 billion, a PE ratio of 16.40, a P/E/G ratio of 3.56 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.86%. Kimberly-Clark’s dividend payout ratio is 63.29%.

Wall Street Analysts Forecast Growth

KMB has been the subject of several research analyst reports. UBS Group dropped their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, Citigroup reduced their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $143.71.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.