Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,173 shares of the company’s stock after selling 532 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Kimberly-Clark were worth $2,774,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC boosted its position in shares of Kimberly-Clark by 2.6% during the third quarter. Private Advisor Group LLC now owns 37,175 shares of the company’s stock worth $5,289,000 after buying an additional 928 shares during the period. International Assets Investment Management LLC boosted its holdings in Kimberly-Clark by 13,351.7% during the 3rd quarter. International Assets Investment Management LLC now owns 311,273 shares of the company’s stock valued at $44,288,000 after acquiring an additional 308,959 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in Kimberly-Clark by 11.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 23,165 shares of the company’s stock valued at $3,296,000 after acquiring an additional 2,345 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Kimberly-Clark by 241.5% during the third quarter. Assenagon Asset Management S.A. now owns 38,613 shares of the company’s stock worth $5,494,000 after purchasing an additional 27,307 shares during the period. Finally, apricus wealth LLC lifted its position in shares of Kimberly-Clark by 4.2% during the third quarter. apricus wealth LLC now owns 6,396 shares of the company’s stock worth $910,000 after purchasing an additional 255 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.9 %

KMB stock opened at $140.28 on Friday. The stock has a market cap of $46.53 billion, a P/E ratio of 18.58, a PEG ratio of 4.42 and a beta of 0.41. 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 twelve month low of $118.62 and a twelve month high of $149.30. The company’s 50 day moving average is $130.19 and its two-hundred day moving average is $136.48.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. Kimberly-Clark’s dividend payout ratio is 64.64%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of research reports. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Citigroup lowered 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Two 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.64.

About Kimberly-Clark

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.