Miller Investment Management LP Has $1.16 Million Stock Position in Kimberly-Clark Corporation $KMB

Miller Investment Management LP lowered its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 36.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,321 shares of the company’s stock after selling 5,305 shares during the period. Miller Investment Management LP’s holdings in Kimberly-Clark were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter worth $27,000. True Wealth Design LLC lifted its position in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock worth $32,000 after purchasing an additional 127 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 1.4%

Kimberly-Clark stock opened at $110.51 on Tuesday. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54. The company’s 50-day moving average is $102.21 and its 200-day moving average is $112.70. The firm has a market capitalization of $36.68 billion, a PE ratio of 18.21, a P/E/G ratio of 3.92 and a beta of 0.26. Kimberly-Clark Corporation has a fifty-two week low of $96.26 and a fifty-two week high of $150.45.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company earned $1.50 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is presently 83.03%.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 3,049 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company set a $110.00 price target on Kimberly-Clark in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued an “overweight” rating and issued a $162.00 target price on shares of Kimberly-Clark in a research report on Tuesday, October 28th. Barclays set a $102.00 price target on Kimberly-Clark in a research report on Friday, January 16th. Argus upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, November 13th. Finally, Morgan Stanley cut their price objective on shares of Kimberly-Clark from $144.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $119.00.

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.