Carlton Hofferkamp & Jenks Wealth Management LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Carlton Hofferkamp & Jenks Wealth Management LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,909 shares of the company’s stock after selling 318 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly-Clark were worth $764,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at about $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. UBS Group raised their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Citigroup dropped their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

NYSE KMB opened at $143.48 on Tuesday. Kimberly-Clark Co. has a 12 month low of $122.98 and a 12 month high of $149.31. The stock has a market cap of $47.59 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 4.46 and a beta of 0.41. The company’s 50 day moving average is $131.55 and its two-hundred day moving average is $136.49. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

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.