Silverlake Wealth Management LLC Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

Silverlake Wealth Management LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,865 shares of the company’s stock after selling 149 shares during the quarter. Kimberly-Clark comprises about 0.9% of Silverlake Wealth Management LLC’s holdings, making the stock its 17th largest position. Silverlake Wealth Management LLC’s holdings in Kimberly-Clark were worth $2,341,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Czech National Bank grew its position in Kimberly-Clark by 6.9% during the third quarter. Czech National Bank now owns 68,610 shares of the company’s stock worth $9,762,000 after buying an additional 4,447 shares in the last quarter. GAMMA Investing LLC grew its position in Kimberly-Clark by 21.3% during the third quarter. GAMMA Investing LLC now owns 10,463 shares of the company’s stock worth $1,489,000 after buying an additional 1,838 shares in the last quarter. Mather Group LLC. grew its position in Kimberly-Clark by 20.2% during the third quarter. Mather Group LLC. now owns 7,631 shares of the company’s stock worth $1,086,000 after buying an additional 1,280 shares in the last quarter. Exeter Financial LLC grew its position in Kimberly-Clark by 1.9% during the third quarter. Exeter Financial LLC now owns 8,341 shares of the company’s stock worth $1,187,000 after buying an additional 158 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Kimberly-Clark by 4.5% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,405 shares of the company’s stock worth $342,000 after purchasing an additional 104 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup cut their price objective on 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 cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

NYSE KMB opened at $129.29 on Wednesday. The firm’s fifty day simple moving average is $131.03 and its two-hundred day simple moving average is $137.06. 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 $117.67 and a 12-month high of $149.30. The firm has a market capitalization of $43.11 billion, a P/E ratio of 17.12, a P/E/G ratio of 4.16 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts forecast that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.90%. Kimberly-Clark’s dividend payout ratio is presently 64.64%.

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.