Kimberly-Clark Corporation $KMB Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 27.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 308,393 shares of the company’s stock after selling 114,891 shares during the period. TD Asset Management Inc owned approximately 0.09% of Kimberly-Clark worth $38,346,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Kimberly-Clark in the third quarter worth about $25,000. Winnow Wealth LLC acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. True Wealth Design LLC lifted its stake in Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its holdings in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after buying an additional 127 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMB. JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $127.00 to $129.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Evercore reaffirmed an “in-line” rating and set a $120.00 target price (down from $150.00) on shares of Kimberly-Clark in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. Citigroup cut their price objective on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Finally, Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell 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 $119.00.

Kimberly-Clark Trading Up 1.0%

Shares of NASDAQ KMB opened at $111.44 on Friday. The firm has a market capitalization of $36.99 billion, a PE ratio of 18.36, a PEG ratio of 3.97 and a beta of 0.26. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $150.45. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. The business has a 50-day moving average price of $102.90 and a two-hundred day moving average price of $112.33.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, March 6th. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is presently 83.03%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company 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.