Axxcess Wealth Management LLC Sells 3,407 Shares of Kimberly-Clark Co. (NYSE:KMB)

Axxcess Wealth Management LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,660 shares of the company’s stock after selling 3,407 shares during the period. Axxcess Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Kimberly-Clark by 19.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after purchasing an additional 944,920 shares during the period. Wulff Hansen & CO. raised its stake in shares of Kimberly-Clark by 13,720.0% in the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after buying an additional 636,882 shares in the last quarter. Capital World Investors lifted its holdings in shares of Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares during the period. Dimensional Fund Advisors LP increased its stake in Kimberly-Clark by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares during the period. Finally, KBC Group NV raised its position in Kimberly-Clark by 277.9% in the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after purchasing an additional 347,778 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KMB shares. Barclays decreased their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, TD Cowen started coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Down 0.7 %

NYSE:KMB opened at $140.10 on Friday. The company has a market cap of $47.17 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 3.04 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The stock’s fifty day moving average price is $142.31 and its two-hundred day moving average price is $135.89. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share. On average, analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

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.