Avidian Wealth Solutions LLC Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Avidian Wealth Solutions LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,743 shares of the company’s stock after selling 110 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Kimberly-Clark were worth $576,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Emerald Advisors LLC grew its position in Kimberly-Clark by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after buying an additional 90 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 1.5% during the 4th quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after buying an additional 93 shares in the last quarter. Motco boosted its stake in shares of Kimberly-Clark by 6.9% in the third quarter. Motco now owns 1,463 shares of the company’s stock valued at $177,000 after buying an additional 94 shares in the last quarter. S&CO Inc. grew its holdings in Kimberly-Clark by 0.4% during the third quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after acquiring an additional 100 shares during the period. Finally, Journey Advisory Group LLC lifted its holdings in Kimberly-Clark by 4.3% in the third quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock valued at $294,000 after acquiring an additional 100 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. HSBC lifted their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. UBS Group raised their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Citigroup lifted their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, Bank of America raised their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Price Performance

KMB stock traded down $0.85 during midday trading on Monday, reaching $135.24. 789,698 shares of the company’s stock traded hands, compared to its average volume of 2,209,302. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market cap of $45.54 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 3.87 and a beta of 0.38. The company has a 50-day simple moving average of $127.48 and a two-hundred day simple moving average of $123.44. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.67.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katy Chen sold 454 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the sale, the insider now directly owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is currently owned by company insiders.

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.