Pine Valley Investments Ltd Liability Co Sells 717 Shares of Kimberly-Clark Co. (NYSE:KMB)

Pine Valley Investments Ltd Liability Co cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,903 shares of the company’s stock after selling 717 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Kimberly-Clark were worth $3,927,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KMB. IFP Advisors Inc grew its stake in Kimberly-Clark by 5.4% during the fourth quarter. IFP Advisors Inc now owns 7,029 shares of the company’s stock worth $925,000 after buying an additional 363 shares in the last quarter. South Dakota Investment Council bought a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $183,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Kimberly-Clark by 14.6% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 94,996 shares of the company’s stock worth $12,448,000 after acquiring an additional 12,100 shares in the last quarter. Ascent Wealth Partners LLC increased its stake in Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after acquiring an additional 90 shares during the last quarter. Finally, Howard Capital Management Inc. raised its position in Kimberly-Clark by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,120 shares of the company’s stock valued at $278,000 after purchasing an additional 108 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent analyst reports. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $143.64.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.

Kimberly-Clark Trading Down 0.3 %

NYSE KMB opened at $139.90 on Tuesday. The firm has a market capitalization of $46.40 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The business’s 50-day moving average price is $130.54 and its two-hundred day moving average price is $136.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $120.49 and a 12 month high of $149.30.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

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.