Pacific Capital Wealth Advisors Inc. Invests $119,000 in Kimberly-Clark Co. (NYSE:KMB)

Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, HoldingsChannel reports. The fund acquired 976 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark during the 3rd quarter valued at about $25,000. Cranbrook Wealth Management LLC lifted its position in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Centerpoint Advisors LLC grew its stake in shares of Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after acquiring an additional 175 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the sale, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the sale, the vice president now owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock worth $2,808,345 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.0 %

Shares of NYSE KMB traded down $0.05 during mid-day trading on Wednesday, reaching $135.93. 1,605,241 shares of the company’s stock were exchanged, compared to its average volume of 2,223,563. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $145.67. The firm has a market capitalization of $45.77 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 3.87 and a beta of 0.38. The company’s 50-day moving average is $128.07 and its 200-day moving average is $123.62. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the company earned $1.67 EPS. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. HSBC boosted their price objective on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Bank of America upped their target price on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Barclays lifted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.85.

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.