Adams Asset Advisors LLC Has $9.89 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Adams Asset Advisors LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,519 shares of the company's stock after selling 10,598 shares during the quarter. Kimberly-Clark makes up about 1.4% of Adams Asset Advisors LLC's holdings, making the stock its 22nd largest holding. Adams Asset Advisors LLC's holdings in Kimberly-Clark were worth $9,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Minot DeBlois Advisors LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $34,000. Menard Financial Group LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $38,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.8%

Shares of NYSE:KMB traded down $0.97 during trading on Thursday, reaching $127.96. The stock had a trading volume of 3,087,751 shares, compared to its average volume of 2,184,175. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The business has a fifty day moving average price of $136.38 and a 200-day moving average price of $135.06. The stock has a market cap of $42.46 billion, a P/E ratio of 16.95, a PEG ratio of 4.46 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period last year, the company earned $2.01 earnings per share. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.94%. Kimberly-Clark's payout ratio is 68.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KMB shares. Royal Bank Of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI decreased their price target on Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.73.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.64% 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.