CIBC Private Wealth Group LLC lowered its position in shares of Kimberly Clark Corp (NYSE:KMB) by 5.5% in the 1st quarter, Holdings Channel reports. The firm owned 58,333 shares of the company’s stock after selling 3,384 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Kimberly Clark were worth $7,227,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Horan Capital Advisors LLC. bought a new stake in Kimberly Clark during the first quarter worth about $25,000. Phocas Financial Corp. bought a new stake in Kimberly Clark during the fourth quarter worth about $28,000. Proficio Capital Partners LLC lifted its stake in Kimberly Clark by 76.9% during the fourth quarter. Proficio Capital Partners LLC now owns 253 shares of the company’s stock worth $29,000 after purchasing an additional 110 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Kimberly Clark by 154.5% during the fourth quarter. First Mercantile Trust Co. now owns 280 shares of the company’s stock worth $32,000 after purchasing an additional 170 shares during the last quarter. Finally, Loeb Partners Corp bought a new stake in Kimberly Clark during the fourth quarter worth about $34,000. 71.29% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Thomas J. Falk sold 303,578 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $125.66, for a total transaction of $38,147,611.48. Following the transaction, the insider now owns 83,717 shares in the company, valued at approximately $10,519,878.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Sandra Macquillan sold 6,774 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $124.87, for a total value of $845,869.38. Following the transaction, the senior vice president now owns 15,287 shares in the company, valued at approximately $1,908,887.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 446,313 shares of company stock worth $56,436,155. Company insiders own 0.85% of the company’s stock.

Several equities research analysts have issued reports on KMB shares. ValuEngine raised Kimberly Clark from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Zacks Investment Research lowered Kimberly Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Macquarie raised Kimberly Clark from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $102.00 to $142.00 in a research note on Tuesday, April 23rd. BNP Paribas started coverage on Kimberly Clark in a research note on Monday, February 11th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Argus upgraded Kimberly Clark from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Tuesday, April 23rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $120.24.

KMB opened at $131.03 on Tuesday. The stock has a market capitalization of $43.97 billion, a PE ratio of 19.82, a P/E/G ratio of 3.73 and a beta of 0.57. The company has a current ratio of 0.73, a quick ratio of 0.47 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 12 month low of $99.36 and a 12 month high of $132.47.

Kimberly Clark (NYSE:KMB) last released its quarterly earnings data on Monday, April 22nd. The company reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.12. The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $4.55 billion. Kimberly Clark had a return on equity of 5,637.04% and a net margin of 9.63%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.71 earnings per share. On average, analysts predict that Kimberly Clark Corp will post 6.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.03 dividend. The ex-dividend date is Thursday, June 6th. This represents a $4.12 annualized dividend and a dividend yield of 3.14%. Kimberly Clark’s dividend payout ratio is currently 62.33%.

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About Kimberly Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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