SeaCrest Wealth Management LLC Sells 1,745 Shares of Kimberly-Clark Co. (NYSE:KMB)

SeaCrest Wealth Management LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 32.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,618 shares of the company’s stock after selling 1,745 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Kimberly-Clark were worth $468,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. First National Bank of Mount Dora Trust Investment Services raised its holdings in Kimberly-Clark by 1.7% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after buying an additional 82 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Kimberly-Clark by 2.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock worth $456,000 after acquiring an additional 84 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Kimberly-Clark by 5.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock worth $212,000 after purchasing an additional 88 shares during the period. Emerald Advisors LLC grew its holdings in Kimberly-Clark by 4.7% during the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock valued at $245,000 after purchasing an additional 90 shares during the last quarter. Finally, Security National Bank of SO Dak raised its position in Kimberly-Clark by 1.2% in the 4th quarter. Security National Bank of SO Dak now owns 7,770 shares of the company’s stock worth $944,000 after purchasing an additional 90 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total value of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares in the company, valued at $524,584.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Up 0.1 %

Shares of Kimberly-Clark stock opened at $137.99 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market cap of $46.46 billion, a P/E ratio of 25.37, a PEG ratio of 3.11 and a beta of 0.37. The firm’s 50 day moving average price is $136.04 and its 200-day moving average price is $127.68. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $142.20.

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

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Friday, June 7th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler upped their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Citigroup increased their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $141.64.

Kimberly-Clark 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.