Castle Rock Wealth Management LLC Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Castle Rock Wealth Management LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,868 shares of the company’s stock after selling 106 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Kimberly-Clark were worth $380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after acquiring an additional 4,603,787 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after acquiring an additional 529,223 shares during the period. Geode Capital Management LLC boosted its holdings in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after acquiring an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Kimberly-Clark by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock worth $986,616,000 after acquiring an additional 417,118 shares during the period. Finally, Invesco Ltd. boosted its holdings in Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,372 shares of company stock worth $1,858,684 in the last quarter. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. UBS Group increased their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $145.08.

Kimberly-Clark Price Performance

NYSE:KMB opened at $142.90 on Wednesday. The business’s 50-day moving average price is $137.31 and its 200 day moving average price is $135.13. The firm has a market cap of $47.42 billion, a P/E ratio of 18.93, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52-week low of $124.10 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.

Kimberly-Clark (NYSE:KMB) last released its earnings results 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 firm had revenue of $4.84 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $2.01 earnings per share. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business 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 is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

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.