TD Private Client Wealth LLC Cuts Stake in Kimberly-Clark Corporation $KMB

TD Private Client Wealth LLC lessened its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,131 shares of the company’s stock after selling 9,296 shares during the quarter. TD Private Client Wealth LLC’s holdings in Kimberly-Clark were worth $1,627,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KMB. Cloud Capital Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the second quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth $28,000. Newbridge Financial Services Group Inc. boosted its position in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the last quarter. Finally, Investors Research Corp purchased a new position in Kimberly-Clark during the fourth quarter valued at $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 0.1%

Shares of NASDAQ KMB opened at $96.47 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30. The firm’s 50-day moving average price is $97.88 and its 200-day moving average price is $101.71. The stock has a market capitalization of $32.02 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 4.33 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

Analyst Upgrades and Downgrades

Several analysts have commented on KMB shares. UBS Group boosted their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Bank of America cut their price objective on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Barclays reduced their price objective on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $114.93.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider directly owned 8,362 shares of the company’s stock, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

About Kimberly-Clark

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.