Annex Advisory Services LLC Sells 956 Shares of Kimberly-Clark Co. (NYSE:KMB)

Annex Advisory Services LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,530 shares of the company’s stock after selling 956 shares during the period. Annex Advisory Services LLC’s holdings in Kimberly-Clark were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rise Advisors LLC lifted its stake in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark in the 4th quarter worth $35,000. Bruce G. Allen Investments LLC purchased a new position in Kimberly-Clark in the 4th quarter worth $37,000. Finally, Northwest Financial Advisors purchased a new position in Kimberly-Clark in the 4th quarter worth $40,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Down 0.9 %

Shares of KMB opened at $138.43 on Wednesday. The firm’s 50-day moving average price is $135.09 and its 200-day moving average price is $127.21. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.15 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 EPS. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Tuesday, June 18th. Finally, HSBC raised their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $141.64.

Insider Buying and Selling

In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the sale, the insider now directly owns 520 shares in the company, valued at approximately $70,324.80. The disclosure for this sale can be found here. Insiders have sold 24,395 shares of company stock valued at $3,332,776 over the last quarter. Corporate 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.