CIBC Private Wealth Group LLC Sells 1,222 Shares of Kimberly-Clark Co. (NYSE:KMB)

CIBC Private Wealth Group LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,636 shares of the company’s stock after selling 1,222 shares during the period. CIBC Private Wealth Group LLC’s holdings in Kimberly-Clark were worth $4,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $33,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at about $32,000. Finally, Synergy Asset Management LLC purchased a new position in Kimberly-Clark in the fourth quarter worth about $35,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KMB shares. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company increased their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $144.85.

Kimberly-Clark Trading Up 0.6 %

Kimberly-Clark stock opened at $143.13 on Wednesday. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week high of $150.45. The company has a market cap of $47.47 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.46 and a beta of 0.36. 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 business has a 50-day simple moving average of $136.76 and a two-hundred day simple moving average of $135.92.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.52%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by 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.