Bowen Hanes & Co. Inc. Sells 5,670 Shares of Kimberly-Clark Corporation $KMB

Bowen Hanes & Co. Inc. trimmed its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 37.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,330 shares of the company’s stock after selling 5,670 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Kimberly-Clark were worth $941,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Westpac Banking Corp boosted its holdings in shares of Kimberly-Clark by 25.0% during the 4th quarter. Westpac Banking Corp now owns 54,135 shares of the company’s stock worth $5,462,000 after buying an additional 10,811 shares in the last quarter. Peak Retirement Planning Inc. raised its position in shares of Kimberly-Clark by 43.0% during the fourth quarter. Peak Retirement Planning Inc. now owns 20,187 shares of the company’s stock worth $2,037,000 after purchasing an additional 6,069 shares during the period. Calton & Associates Inc. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $459,000. Natixis Advisors LLC raised its position in shares of Kimberly-Clark by 115.7% during the fourth quarter. Natixis Advisors LLC now owns 322,455 shares of the company’s stock worth $32,532,000 after purchasing an additional 172,950 shares during the period. Finally, AXQ Capital LP acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $1,273,000. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Down 2.8%

KMB stock opened at $94.76 on Thursday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The company has a market capitalization of $31.45 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 4.37 and a beta of 0.28. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $140.39. The stock has a fifty day moving average of $97.57 and a 200-day moving average of $101.14.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.93 EPS. As a group, equities research analysts predict that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 5.4%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research reports. Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group upped their target price on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Bank of America lowered their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.