Advisor OS LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Advisor OS LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 42.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,150 shares of the company's stock after selling 5,341 shares during the period. Advisor OS LLC's holdings in Kimberly-Clark were worth $1,017,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of KMB. Norges Bank purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $582,592,000. GAMMA Investing LLC raised its stake in shares of Kimberly-Clark by 10,975.8% during the 1st quarter. GAMMA Investing LLC now owns 1,902,050 shares of the company's stock valued at $270,510,000 after buying an additional 1,884,877 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Kimberly-Clark by 163.1% during the 4th quarter. First Trust Advisors LP now owns 2,142,749 shares of the company's stock valued at $280,786,000 after buying an additional 1,328,341 shares during the last quarter. Trinity Financial Advisors LLC purchased a new position in shares of Kimberly-Clark during the 1st quarter valued at about $181,762,000. Finally, Invesco Ltd. raised its stake in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company's stock valued at $740,868,000 after buying an additional 1,015,141 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating on the stock in a report on Friday. Royal Bank Of Canada lowered their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company increased their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Finally, Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $140.90.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded down $0.37 during midday trading on Friday, hitting $127.38. The company's stock had a trading volume of 1,549,446 shares, compared to its average volume of 2,289,590. The business's 50 day simple moving average is $132.95 and its 200 day simple moving average is $134.52. 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 company has a market cap of $42.27 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate 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 firm posted $2.01 earnings per share. On average, analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, June 6th. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Katy Chen sold 1,794 shares of the firm's stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the completion of the sale, the insider directly owned 3,098 shares in the company, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company's stock.

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.