Pine Valley Investments Ltd Liability Co Has $3.80 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Pine Valley Investments Ltd Liability Co increased its stake in Kimberly-Clark Co. (NYSE:KMBFree Report) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,199 shares of the company’s stock after purchasing an additional 3,431 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Kimberly-Clark were worth $3,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cranbrook Wealth Management LLC lifted its holdings in Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of Kimberly-Clark during the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $37,000. Northwest Financial Advisors bought a new stake in Kimberly-Clark during the 4th quarter valued at about $40,000. Finally, Operose Advisors LLC grew its stake in shares of Kimberly-Clark by 122.5% in the third quarter. Operose Advisors LLC now owns 356 shares of the company’s stock worth $43,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE:KMB traded down $0.75 during trading on Wednesday, reaching $128.40. 119,544 shares of the stock traded hands, compared to its average volume of 2,117,536. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $139.75. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The stock has a 50-day moving average of $130.90 and a two-hundred day moving average of $125.10. The stock has a market cap of $43.23 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 3.54 and a beta of 0.38.

Kimberly-Clark (NYSE:KMBGet Free Report) last posted 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. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period last year, the company posted $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.03 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on KMB shares. HSBC increased their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 22nd. Royal Bank of Canada increased their price target on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $134.85.

View Our Latest Stock Report on KMB

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 454 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now owns 520 shares in the company, valued at approximately $70,324.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total value of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the completion of the transaction, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.