Kimberly-Clark Corporation $KMB Shares Sold by BCS Wealth Management

BCS Wealth Management cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 50.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,682 shares of the company’s stock after selling 13,682 shares during the quarter. BCS Wealth Management’s holdings in Kimberly-Clark were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 2nd quarter worth about $27,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Eagle Bay Advisors LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $28,000. CrossGen Wealth LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $27,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KMB shares. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Wells Fargo & Company decreased their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Barclays decreased their target price on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $115.43.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Insiders sold a total of 7,096 shares of company stock valued at $689,687 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $103.95 on Wednesday. The firm has a market cap of $34.51 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 4.51 and a beta of 0.28. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.46. The business’s 50 day moving average is $98.67 and its two-hundred day moving average is $100.69.

Kimberly-Clark (NASDAQ:KMB) last released its 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 net margin of 12.80% and a return on equity of 152.79%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.93 EPS. Analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a yield of 4.9%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 80.38%.

About Kimberly-Clark

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.