Natixis Advisors LLC Sells 9,052 Shares of Kimberly-Clark Corporation $KMB

Natixis Advisors LLC decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 149,505 shares of the company’s stock after selling 9,052 shares during the quarter. Natixis Advisors LLC’s holdings in Kimberly-Clark were worth $18,589,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Kimberly-Clark by 74.1% in the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Kimberly-Clark during the second quarter worth approximately $436,000. Fidelis Capital Partners LLC raised its stake in shares of Kimberly-Clark by 11.4% in the second quarter. Fidelis Capital Partners LLC now owns 1,926 shares of the company’s stock valued at $263,000 after acquiring an additional 197 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Kimberly-Clark by 3.0% in the 2nd quarter. Allworth Financial LP now owns 14,568 shares of the company’s stock worth $1,878,000 after acquiring an additional 428 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $2,207,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of Kimberly-Clark 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent analyst reports. UBS Group raised their price target on Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 target price on shares of Kimberly-Clark in a report on Monday, December 1st. Argus upgraded Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, November 13th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $119.00.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $100.04 on Thursday. The business has a 50-day simple moving average of $103.43 and a 200 day simple moving average of $110.56. Kimberly-Clark Corporation has a one year low of $96.26 and a one year high of $147.12. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The firm 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 announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, research analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a $1.28 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.1%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio (DPR) is 84.35%.

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.