Laird Norton Wetherby Wealth Management LLC Sells 415 Shares of Kimberly-Clark Co. (NYSE:KMB)

Laird Norton Wetherby Wealth Management LLC trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,264 shares of the company’s stock after selling 415 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Kimberly-Clark were worth $952,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KMB. Barclays PLC lifted its position in Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after purchasing an additional 273,813 shares during the period. Fiduciary Alliance LLC increased its holdings in Kimberly-Clark by 73.3% in the 4th quarter. Fiduciary Alliance LLC now owns 3,443 shares of the company’s stock valued at $451,000 after buying an additional 1,456 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $1,419,000. Rosenberg Matthew Hamilton lifted its holdings in shares of Kimberly-Clark by 23.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 1,217 shares of the company’s stock worth $159,000 after acquiring an additional 232 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 4.5% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,801 shares of the company’s stock worth $629,000 after acquiring an additional 206 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $133.65 on Thursday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The firm has a market cap of $44.35 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The firm’s fifty day moving average is $137.38 and its 200-day moving average is $134.70.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the company earned $2.01 earnings per share. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.77%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 68.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on KMB shares. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. UBS Group raised their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Barclays decreased their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Citigroup dropped their price objective 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. Finally, StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $145.08.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is currently 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.