Beach Investment Counsel Inc. PA Has $502,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Beach Investment Counsel Inc. PA reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,834 shares of the company’s stock after selling 275 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Kimberly-Clark were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KMB. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. grew its position in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $35,000. Kennebec Savings Bank acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

KMB has been the subject of several research analyst reports. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $129.81 on Tuesday. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. 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 company has a market capitalization of $43.29 billion, a PE ratio of 17.18, a P/E/G ratio of 4.16 and a beta of 0.41. The stock has a 50-day moving average price of $131.20 and a two-hundred day moving average price of $137.15.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.88%. 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 dividend payout ratio (DPR) is 64.64%.

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.