Schroder Investment Management Group Sells 87,754 Shares of Kimberly-Clark Corporation $KMB

Schroder Investment Management Group lessened its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 24.3% during the third quarter, HoldingsChannel.com reports. The fund owned 273,535 shares of the company’s stock after selling 87,754 shares during the quarter. Schroder Investment Management Group’s holdings in Kimberly-Clark were worth $33,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in KMB. Cloud Capital Management LLC bought a new position in Kimberly-Clark during the third quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new stake in Kimberly-Clark in the second quarter worth approximately $27,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the 2nd quarter worth approximately $27,000. True Wealth Design LLC raised its stake in Kimberly-Clark by 177.6% during the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Kimberly-Clark by 105.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after buying an additional 127 shares during the period. 76.29% of the stock is currently owned by institutional investors.

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 transaction of $317,980.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 1.6%

Shares of KMB stock opened at $100.04 on Thursday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12. The company’s fifty day moving average price is $103.43 and its 200-day moving average price is $110.56. The company has a market capitalization of $33.21 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 3.62 and a beta of 0.24.

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

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Wall Street Analyst Weigh In

KMB has been the subject of several research analyst reports. Wells Fargo & Company set a $110.00 price objective on Kimberly-Clark in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Argus raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 13th. Finally, UBS Group boosted their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $119.00.

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.