Summit Trail Advisors LLC Raises Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Summit Trail Advisors LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,347 shares of the company’s stock after buying an additional 372 shares during the quarter. Summit Trail Advisors LLC’s holdings in Kimberly-Clark were worth $656,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KMB. OFI Invest Asset Management purchased a new stake in Kimberly-Clark in the 3rd quarter valued at $25,000. Cranbrook Wealth Management LLC raised its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Centerpoint Advisors LLC raised its position in Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Kimberly-Clark during the 4th quarter worth $35,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Kimberly-Clark during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. In the last three months, insiders sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.1 %

Shares of KMB stock traded up $0.17 during mid-day trading on Tuesday, reaching $136.14. 377,291 shares of the company were exchanged, compared to its average volume of 2,200,108. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.67. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company has a market capitalization of $45.84 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.87 and a beta of 0.38. The business’s 50 day simple moving average is $127.78 and its 200 day simple moving average is $123.53.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. The firm 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 firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. Research analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KMB shares. UBS Group upped their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group increased their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research note on Thursday, March 28th. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Citigroup increased their price objective on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average target price of $134.85.

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.