Axxcess Wealth Management LLC Sells 15,181 Shares of Kimberly-Clark Co. (NYSE:KMB)

Axxcess Wealth Management LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 57.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,067 shares of the company’s stock after selling 15,181 shares during the period. Axxcess Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Capital Investment Counsel Inc increased its stake in shares of Kimberly-Clark by 0.8% during the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after purchasing an additional 75 shares during the period. Connecticut Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 4.6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Kimberly-Clark by 1.6% in the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock valued at $659,000 after purchasing an additional 81 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Kimberly-Clark by 2.1% in the 1st quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock valued at $507,000 after purchasing an additional 82 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services boosted its holdings in shares of Kimberly-Clark by 1.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group raised their target price on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their price objective for the company from $115.00 to $160.00 in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Trading Up 0.5 %

KMB traded up $0.74 during midday trading on Friday, hitting $141.81. 2,064,513 shares of the company were exchanged, compared to its average volume of 2,201,267. The firm has a market capitalization of $47.76 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.01 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.62. The firm’s 50 day moving average price is $137.81 and its 200-day moving average price is $130.18. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Doug Cunningham sold 1,040 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the sale, the insider now directly owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total value of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at $524,584.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,462 shares of company stock valued at $7,206,653. Corporate insiders own 0.62% of the company’s stock.

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.