Pacific Capital Wealth Advisors Inc. Acquires Shares of 976 Kimberly-Clark Co. (NYSE:KMB)

Pacific Capital Wealth Advisors Inc. bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 976 shares of the company’s stock, valued at approximately $119,000.

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

Kimberly-Clark Stock Down 0.0 %

NYSE KMB traded down $0.05 on Wednesday, reaching $135.93. The company had a trading volume of 1,605,241 shares, compared to its average volume of 2,223,563. The company’s fifty day moving average is $128.07 and its 200-day moving average is $123.62. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.67. The firm has a market capitalization of $45.77 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.87 and a beta of 0.38. 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 announced its 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. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS. On average, research analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.59%. Kimberly-Clark’s payout ratio is currently 89.71%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Katy Chen sold 454 shares of the firm’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 directly owns 520 shares in the company, valued at approximately $70,324.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total value of $342,075.00. Following the transaction, the vice president now owns 8,053 shares of the company’s stock, valued at approximately $1,101,891.99. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock valued at $2,808,345 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their price target 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. The Goldman Sachs Group raised their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. HSBC upped their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $134.85.

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.