Corient Private Wealth LLC Has $40.08 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Corient Private Wealth LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 305,856 shares of the company’s stock after selling 23,035 shares during the quarter. Corient Private Wealth LLC owned approximately 0.09% of Kimberly-Clark worth $40,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KMB. Natixis Advisors LLC boosted its position in shares of Kimberly-Clark by 84.1% in the 3rd quarter. Natixis Advisors LLC now owns 216,748 shares of the company’s stock worth $30,839,000 after purchasing an additional 99,011 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in Kimberly-Clark in the third quarter valued at about $208,000. Thrivent Financial for Lutherans boosted its holdings in Kimberly-Clark by 15.3% during the third quarter. Thrivent Financial for Lutherans now owns 33,444 shares of the company’s stock worth $4,759,000 after buying an additional 4,426 shares during the last quarter. Richard C. Young & CO. LTD. acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth about $240,000. Finally, Meeder Advisory Services Inc. raised its position in shares of Kimberly-Clark by 17.0% in the 3rd quarter. Meeder Advisory Services Inc. now owns 7,192 shares of the company’s stock valued at $1,023,000 after acquiring an additional 1,045 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.98 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $123.02 and a 12 month high of $150.45. The firm has a fifty day simple moving average of $133.81 and a 200 day simple moving average of $136.38. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group raised their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays lowered their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.64.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company’s Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.