Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,936 shares of the company’s stock after selling 432 shares during the quarter. Forte Capital LLC ADV’s holdings in Kimberly-Clark were worth $1,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Emerald Advisors LLC lifted its position in Kimberly-Clark by 4.7% during the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after acquiring an additional 90 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Kimberly-Clark by 1.5% during the fourth quarter. Aaron Wealth Advisors LLC now owns 6,418 shares of the company’s stock worth $780,000 after purchasing an additional 93 shares during the period. Motco boosted its position in Kimberly-Clark by 6.9% in the third quarter. Motco now owns 1,463 shares of the company’s stock valued at $177,000 after buying an additional 94 shares during the last quarter. S&CO Inc. increased its holdings in Kimberly-Clark by 0.4% in the 3rd quarter. S&CO Inc. now owns 24,914 shares of the company’s stock worth $3,010,000 after buying an additional 100 shares during the period. Finally, Journey Advisory Group LLC increased its holdings in Kimberly-Clark by 4.3% in the 3rd quarter. Journey Advisory Group LLC now owns 2,436 shares of the company’s stock worth $294,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Citigroup increased their price target on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. The Goldman Sachs Group raised their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company boosted their price target on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Price Performance

NYSE:KMB traded down $0.41 during trading hours on Friday, hitting $136.09. 1,907,297 shares of the stock were exchanged, compared to its average volume of 2,559,916. The company has a market cap of $45.82 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.87 and a beta of 0.38. The firm’s fifty day moving average price is $127.48 and its 200 day moving average price is $123.43. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $146.15. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the transaction, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Doug Cunningham sold 1,040 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the sale, the insider now owns 3,833 shares in the company, valued at approximately $524,584.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katy Chen sold 454 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value 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 have sold a total of 20,562 shares of company stock worth $2,808,345 in the last ninety days. 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.