Corient Private Wealth LLC Has $40.08 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Corient Private Wealth LLC decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 7.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 305,856 shares of the company’s stock after selling 23,035 shares during the period. Corient Private Wealth LLC’s holdings in Kimberly-Clark were worth $40,080,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in KMB. State Street Corp increased its position in Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock valued at $1,387,709,000 after acquiring an additional 529,223 shares in the last quarter. Geode Capital Management LLC increased its position in Kimberly-Clark by 2.8% during the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after acquiring an additional 206,671 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kimberly-Clark by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock valued at $398,459,000 after purchasing an additional 30,312 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after purchasing an additional 464,615 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Barclays reduced their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Up 0.2 %

Shares of NYSE:KMB opened at $139.98 on Tuesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $123.02 and a 52-week high of $150.45. The company has a market capitalization of $46.43 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a fifty day moving average of $133.81 and a 200-day moving average of $136.38.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS 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. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.60%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

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.