Centennial Wealth Advisory LLC Reduces Holdings in Kimberly-Clark Co. (NYSE:KMB)

Centennial Wealth Advisory LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 41.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,766 shares of the company's stock after selling 1,968 shares during the period. Centennial Wealth Advisory LLC's holdings in Kimberly-Clark were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Minot DeBlois Advisors LLC purchased a new position in Kimberly-Clark in the fourth quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $33,000. Sierra Ocean LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $34,000. Finally, OFI Invest Asset Management bought a new stake in Kimberly-Clark during the fourth quarter valued at about $38,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Down 0.8%

Shares of NYSE:KMB opened at $127.96 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $42.46 billion, a PE ratio of 16.95, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 12-month low of $124.10 and a 12-month high of $150.45. The business's fifty day simple moving average is $136.38 and its 200-day simple moving average is $135.06.

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

Kimberly-Clark Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. Royal Bank Of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Evercore ISI dropped 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. Barclays dropped their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $143.73.

Insider Activity

In other news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.

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