Sequoia Financial Advisors LLC Sells 3,009 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sequoia Financial Advisors LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 49,750 shares of the company's stock after selling 3,009 shares during the period. Sequoia Financial Advisors LLC's holdings in Kimberly-Clark were worth $7,075,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in KMB. First Pacific Financial purchased a new stake in shares of Kimberly-Clark in the 1st quarter worth approximately $26,000. Minot DeBlois Advisors LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $29,000. OFI Invest Asset Management purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $38,000. Menard Financial Group LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $38,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $44,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $1.05 during trading on Friday, reaching $127.89. 1,935,073 shares of the company traded hands, compared to its average volume of 2,204,417. The firm has a 50 day simple moving average of $134.93 and a 200-day simple moving average of $134.74. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock has a market capitalization of $42.44 billion, a PE ratio of 16.94, a P/E/G 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 issued its quarterly earnings data 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 net margin of 12.69% and a return on equity of 201.43%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned $2.01 earnings per share. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date 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%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, March 28th. UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Evercore ISI cut their price target 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. Finally, JPMorgan Chase & Co. raised 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $143.50.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.64% of the company's stock.

About Kimberly-Clark

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.