Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 43.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,335 shares of the company’s stock after selling 2,577 shares during the period. Atria Investments Inc’s holdings in Kimberly-Clark were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the third quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Down 0.2 %

Kimberly-Clark stock opened at $139.79 on Friday. The firm has a market cap of $46.36 billion, a PE ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm’s 50 day moving average price is $133.53 and its two-hundred day moving average price is $136.45. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.61%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMB. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, UBS Group boosted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company’s stock.

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.