Kingsview Wealth Management LLC Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

Kingsview Wealth Management LLC lowered its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,241 shares of the company's stock after selling 2,126 shares during the period. Kingsview Wealth Management LLC's holdings in Kimberly-Clark were worth $1,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KMB. First Pacific Financial bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $26,000. Minot DeBlois Advisors LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $29,000. Rossby Financial LCC bought a new stake in shares of Kimberly-Clark during the 1st quarter valued at about $37,000. Menard Financial Group LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $38,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Kimberly-Clark by 329.6% during the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company's stock valued at $47,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. UBS Group decreased their target price on shares of Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday. Barclays decreased their target price on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Royal Bank Of Canada decreased 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. Finally, Wells Fargo & Company lifted their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $141.50.

Kimberly-Clark Trading Down 0.3%

Shares of KMB opened at $127.53 on Friday. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm's fifty day moving average is $133.81 and its two-hundred day moving average is $134.59. The stock has a market cap of $42.32 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly 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. The firm 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 quarter in the previous year, the company posted $2.01 EPS. Research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.95%. Kimberly-Clark's payout ratio is 68.66%.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the company'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 value of $95,978.00. Following the completion of the transaction, the insider directly owned 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.

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