Canvas Wealth Advisors LLC Lowers Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Canvas Wealth Advisors LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,244 shares of the company’s stock after selling 335 shares during the period. Canvas Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Sarasin & Partners LLP increased its stake in Kimberly-Clark by 140.1% in the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after buying an additional 576,610 shares during the period. Assenagon Asset Management S.A. raised its position in Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after buying an additional 551,158 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after acquiring an additional 464,615 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its holdings in shares of Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after acquiring an additional 386,510 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $130.29 on Monday. 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 stock has a market cap of $43.45 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 4.12 and a beta of 0.41. The company’s 50-day moving average price is $130.22 and its 200 day moving average price is $136.75. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is 64.64%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMB. UBS Group increased their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.64.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

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.