Coldstream Capital Management Inc. Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Coldstream Capital Management Inc. decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,859 shares of the company’s stock after selling 180 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Kimberly-Clark were worth $469,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KMB. Cranbrook Wealth Management LLC lifted its position in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $37,000. Northwest Financial Advisors purchased a new position in shares of Kimberly-Clark in the 4th quarter worth $40,000. Finally, Operose Advisors LLC grew its holdings in shares of Kimberly-Clark by 122.5% in the third quarter. Operose Advisors LLC now owns 356 shares of the company’s stock worth $43,000 after acquiring an additional 196 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $131.84 on Friday. The company has a market capitalization of $44.39 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 3.59 and a beta of 0.38. 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 stock’s 50-day simple moving average is $130.51 and its 200-day simple moving average is $124.82. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $139.75.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the firm earned $1.67 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, analysts expect that Kimberly-Clark Co. will post 7.03 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.70%. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Upgrades and Downgrades

KMB has been the topic of several research reports. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Royal Bank of Canada boosted their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. 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 company. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $134.85.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,395 shares of company stock worth $3,332,776. Insiders own 0.62% of the company’s stock.

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.