Gilman Hill Asset Management LLC Decreases Stock Position in Kimberly-Clark Corporation $KMB

Gilman Hill Asset Management LLC trimmed its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,777 shares of the company’s stock after selling 6,013 shares during the quarter. Kimberly-Clark accounts for 1.2% of Gilman Hill Asset Management LLC’s holdings, making the stock its 27th largest holding. Gilman Hill Asset Management LLC’s holdings in Kimberly-Clark were worth $7,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of KMB. Cloud Capital Management LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the second quarter worth about $27,000. True Wealth Design LLC increased its stake in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after buying an additional 135 shares during the period. Vermillion & White Wealth Management Group LLC raised its holdings in Kimberly-Clark by 105.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after acquiring an additional 127 shares in the last quarter. Finally, West Oak Capital LLC raised its holdings in Kimberly-Clark by 69.7% in the third quarter. West Oak Capital LLC now owns 280 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $98.92 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $147.12. The firm’s 50 day moving average is $103.47 and its two-hundred day moving average is $108.50. The firm has a market capitalization of $32.83 billion, a P/E ratio of 16.30, a P/E/G ratio of 3.54 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm earned $1.50 EPS. The company’s revenue was down .6% compared to the same quarter last year. Research analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on KMB. Wells Fargo & Company set a $110.00 price target on shares of Kimberly-Clark in a report on Tuesday, February 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. TD Cowen decreased their price objective on shares of Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research note on Friday, January 16th. Finally, Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $116.42.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.