Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,643 shares of the company’s stock after selling 100 shares during the quarter. Evergreen Capital Management LLC’s holdings in Kimberly-Clark were worth $614,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the fourth quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth about $32,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $35,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Citigroup dropped their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Barclays boosted their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. UBS Group lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $146.31.

Kimberly-Clark Price Performance

KMB stock opened at $142.68 on Friday. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market capitalization of $47.32 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The business has a 50 day simple moving average of $139.52 and a 200-day simple moving average of $135.75.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

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.