Kimberly-Clark Co. (NYSE:KMB) Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC reduced its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 37.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,044 shares of the company's stock after selling 64,462 shares during the period. AE Wealth Management LLC's holdings in Kimberly-Clark were worth $15,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMB. SageView Advisory Group LLC boosted its position in Kimberly-Clark by 4.5% during the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after acquiring an additional 74 shares during the last quarter. Cornerstone Wealth Management LLC grew its position in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after purchasing an additional 74 shares during the period. Tudor Financial Inc. boosted its stake in Kimberly-Clark by 3.8% in the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock worth $290,000 after buying an additional 75 shares during the last quarter. Park National Corp OH grew its holdings in Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock valued at $431,000 after buying an additional 77 shares during the period. Finally, Hoge Financial Services LLC lifted its holdings in shares of Kimberly-Clark by 4.2% during the 1st quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock worth $271,000 after acquiring an additional 77 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark 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 transaction, the insider owned 3,098 shares of the company's stock, valued at approximately $405,032.52. This trade represents a 36.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $0.02 during trading hours on Thursday, reaching $127.75. The stock had a trading volume of 1,550,494 shares, compared to its average volume of 2,294,750. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a 50-day simple moving average of $133.19 and a 200-day simple moving average of $134.52. The firm has a market capitalization of $42.39 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.95%. Kimberly-Clark's payout ratio is 68.66%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KMB shares. Royal Bank Of Canada lowered their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company upped their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. UBS Group reduced their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Barclays cut their price target on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Finally, Evercore ISI decreased their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of "Hold" and an average target price of $141.50.

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.