Defined Wealth Management LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Defined Wealth Management LLC purchased a new position in Kimberly-Clark Co. (NYSE:KMB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,439 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also made changes to their positions in KMB. SageView Advisory Group LLC grew its position in shares of Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock valued at $224,000 after purchasing an additional 74 shares during the period. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company’s stock worth $431,000 after buying an additional 77 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Kimberly-Clark by 0.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,559 shares of the company’s stock valued at $1,908,000 after buying an additional 78 shares during the period. Ascent Wealth Partners LLC increased its stake in shares of Kimberly-Clark by 1.0% during the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after acquiring an additional 90 shares during the last quarter. Finally, Exeter Financial LLC lifted its holdings in shares of Kimberly-Clark by 1.1% during the 1st quarter. Exeter Financial LLC now owns 8,838 shares of the company’s stock worth $1,257,000 after acquiring an additional 97 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KMB shares. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Wall Street Zen lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Barclays lowered their price target on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Evercore ISI cut their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $145.08.

Kimberly-Clark Trading Up 0.8%

KMB opened at $133.89 on Friday. The firm’s 50 day moving average is $136.75 and its 200-day moving average is $135.33. 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. The firm has a market capitalization of $44.43 billion, a P/E ratio of 17.73, a P/E/G ratio of 4.46 and a beta of 0.38.

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

Kimberly-Clark Dividend Announcement

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 paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 68.66%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total transaction of $234,547.56. Following the transaction, the insider now directly owns 3,098 shares in the company, valued at $405,032.52. This represents a 36.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.64% of the stock is currently owned by company insiders.

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.