Left Brain Wealth Management LLC Reduces Stake in Kimberly-Clark Co. (NYSE:KMB)

Left Brain Wealth Management LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,460 shares of the company’s stock after selling 600 shares during the period. Left Brain Wealth Management LLC’s holdings in Kimberly-Clark were worth $322,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $140.07 on Friday. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 52 week low of $123.02 and a 52 week high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a 50 day moving average of $133.33 and a 200 day moving average of $136.53.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. Kimberly-Clark’s payout ratio is 66.75%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.