Bartlett & CO. Wealth Management LLC Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Bartlett & CO. Wealth Management LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 11.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,254 shares of the company’s stock after selling 3,273 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Kimberly-Clark were worth $3,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake 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. grew its stake 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 grew its stake 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 grew its stake 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. grew its stake 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. 76.29% of the stock is owned by hedge funds and other institutional investors.

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 owns 3,098 shares in the company, valued at $405,032.52. The trade was a 36.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $127.89 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $42.44 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 4.46 and a beta of 0.38. The firm’s fifty day simple moving average is $134.63 and its 200 day simple moving average is $134.70. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates 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 business posted $2.01 EPS. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.94%. Kimberly-Clark’s payout ratio is 68.66%.

Analysts Set New Price Targets

Several analysts have commented on KMB shares. Wall Street Zen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Barclays decreased their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a report on Friday, April 11th. 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. Finally, Royal Bank Of Canada decreased their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.50.

About Kimberly-Clark

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.