Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lowered its position in Kimberly-Clark Co. (NYSE:KMBFree Report) by 8.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,324 shares of the company’s stock after selling 1,251 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Kimberly-Clark were worth $1,619,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Tower Group LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth $25,000. OFI Invest Asset Management acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth about $25,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $26,000. Centerpoint Advisors LLC lifted its stake in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares during the last quarter. Finally, Cornerstone Planning Group LLC acquired a new position in Kimberly-Clark in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. The Goldman Sachs Group began coverage on shares of Kimberly-Clark in a research note on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $123.00 target price on shares of Kimberly-Clark in a research report on Thursday, March 28th. Barclays decreased their target price on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Three 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, the company presently has an average rating of “Hold” and an average price target of $132.27.

View Our Latest Stock Analysis on KMB

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $127.69 on Wednesday. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The company has a market cap of $43.02 billion, a PE ratio of 24.56, a P/E/G ratio of 3.95 and a beta of 0.40. The stock has a fifty day moving average price of $122.88 and a 200 day moving average price of $122.03. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the business posted $1.54 EPS. The firm’s revenue was up .7% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were given a dividend of $1.22 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 3.82%. Kimberly-Clark’s payout ratio is presently 93.85%.

About Kimberly-Clark

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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