Kimberly-Clark Corporation $KMB Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 59.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,226 shares of the company’s stock after selling 19,084 shares during the quarter. Shell Asset Management Co.’s holdings in Kimberly-Clark were worth $1,645,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. WJ Financial Advisors LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth about $492,000. Cookson Peirce & Co. Inc. purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth about $341,000. Columbia Bank boosted its position in shares of Kimberly-Clark by 17.4% in the third quarter. Columbia Bank now owns 3,943 shares of the company’s stock worth $473,000 after acquiring an additional 584 shares during the last quarter. Metis Global Partners LLC grew its holdings in Kimberly-Clark by 30.8% in the third quarter. Metis Global Partners LLC now owns 19,288 shares of the company’s stock valued at $2,398,000 after purchasing an additional 4,538 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth approximately $323,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Cowen lowered their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Zacks Research raised Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Evercore restated an “in-line” rating and set a $120.00 price target (down from $150.00) on shares of Kimberly-Clark in a research note on Tuesday, November 4th. Barclays set a $102.00 price objective on Kimberly-Clark in a research note on Friday, January 16th. Finally, BNP Paribas Exane reissued a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.58.

Kimberly-Clark Stock Up 1.1%

NASDAQ KMB opened at $109.41 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45. The business has a 50 day moving average price of $101.45 and a two-hundred day moving average price of $113.69. The stock has a market cap of $36.32 billion, a PE ratio of 18.02, a P/E/G ratio of 4.30 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s payout ratio is 83.03%.

Insider Activity

In related news, VP Andrew Scribner sold 3,049 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.