Core Wealth Partners LLC Has $329,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Core Wealth Partners LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,547 shares of the company’s stock after purchasing an additional 88 shares during the period. Core Wealth Partners LLC’s holdings in Kimberly-Clark were worth $329,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Kimberly-Clark by 14.7% in the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Morgan Stanley boosted its holdings in Kimberly-Clark by 4.6% in the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares in the last quarter. Norges Bank bought a new position in Kimberly-Clark in the fourth quarter worth approximately $437,420,000. Royal Bank of Canada lifted its holdings in shares of Kimberly-Clark by 31.4% in the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after purchasing an additional 524,632 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of Kimberly-Clark by 23.8% in the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after purchasing an additional 370,094 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com lowered Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Thursday. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Citigroup raised their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Wells Fargo & Company raised their target price on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group raised their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $141.64.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.47 during midday trading on Thursday, hitting $137.52. 736,897 shares of the company’s stock were exchanged, compared to its average volume of 1,989,649. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $142.20. The stock has a 50-day moving average price of $136.07 and a two-hundred day moving average price of $127.88. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company has a market cap of $46.30 billion, a P/E ratio of 25.28, a PEG ratio of 3.11 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.06 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the sale, the vice president now owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock valued at $3,332,776 over the last 90 days. 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.