Wealthspire Advisors LLC Has $720,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Wealthspire Advisors LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,498 shares of the company’s stock after selling 1,026 shares during the period. Wealthspire Advisors LLC’s holdings in Kimberly-Clark were worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $33,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares of the company’s stock, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 0.9 %

Shares of KMB opened at $141.33 on Wednesday. The firm has a market capitalization of $46.88 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $120.49 and a 52 week high of $149.30. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The business’s fifty day moving average price is $130.74 and its two-hundred day moving average price is $136.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. On average, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.57%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is 66.75%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. JPMorgan Chase & Co. cut their price target 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. Barclays reduced their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group raised their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Company Profile

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.