Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 27.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,434 shares of the company’s stock after selling 3,545 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Kimberly-Clark were worth $1,236,000 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. acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $25,000. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.6%

KMB stock opened at $141.60 on Wednesday. The company has a fifty day moving average price of $137.14 and a 200 day moving average price of $134.85. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a market cap of $46.99 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

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

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 annualized dividend and a yield of 3.56%. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Evercore ISI reduced their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. UBS Group boosted their price objective on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $145.08.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the business’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the transaction, the insider now directly owns 3,098 shares of the company’s stock, valued at approximately $405,032.52. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This represents a 49.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,872 shares of company stock worth $2,208,684 in the last 90 days. 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.