Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Cooper Financial Group

Cooper Financial Group cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 18.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,562 shares of the company’s stock after selling 1,059 shares during the quarter. Cooper Financial Group’s holdings in Kimberly-Clark were worth $590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark in the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at $37,000. Finally, Northwest Financial Advisors purchased a new position in Kimberly-Clark during the 4th quarter worth $40,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

KMB stock opened at $140.97 on Monday. The stock’s 50 day moving average price is $134.54 and its 200 day moving average price is $126.95. The firm has a market cap of $47.47 billion, a P/E ratio of 25.64, a PEG ratio of 3.16 and a beta of 0.38. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $142.20.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7.06 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KMB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Tuesday, June 18th. StockNews.com raised Kimberly-Clark from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 10th. Wells Fargo & Company lifted their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Barclays increased their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $141.64.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the sale, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at $1,101,891.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,395 shares of company stock valued at $3,332,776. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.