Woodmont Investment Counsel LLC Has $2.80 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Woodmont Investment Counsel LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.1% in the first quarter, Holdings Channel.com reports. The firm owned 21,666 shares of the company’s stock after purchasing an additional 235 shares during the period. Woodmont Investment Counsel LLC’s holdings in Kimberly-Clark were worth $2,802,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMB. Norges Bank bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $437,420,000. American Century Companies Inc. boosted its stake in shares of Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Kimberly-Clark by 31.4% during the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after acquiring an additional 524,632 shares in the last quarter. Capital World Investors boosted its stake in shares of Kimberly-Clark by 23.8% during the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after acquiring an additional 370,094 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after acquiring an additional 368,505 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on KMB shares. Citigroup increased their target price on Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a research note on Wednesday, April 24th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Tuesday, June 18th. HSBC increased their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. UBS Group increased their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $141.64.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction that occurred on 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 directly owns 520 shares in the company, valued at $70,324.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Kimberly-Clark news, insider Katy Chen sold 454 shares of the company’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 sale, the insider now owns 520 shares of the company’s stock, valued at $70,324.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock worth $3,332,776 over the last quarter. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Shares of NYSE:KMB traded up $0.20 during midday trading on Tuesday, reaching $138.02. The company had a trading volume of 733,373 shares, compared to its average volume of 2,151,467. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The business’s 50 day moving average price is $135.86 and its 200 day moving average price is $127.56. The stock has a market cap of $46.47 billion, a PE ratio of 25.33, a P/E/G ratio of 3.11 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping 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 business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter last year, the company posted $1.67 earnings per share. Kimberly-Clark’s quarterly revenue was down .9% on a year-over-year basis. Research analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

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.