Fulton Breakefield Broenniman LLC Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Fulton Breakefield Broenniman LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,195 shares of the company’s stock after selling 790 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Kimberly-Clark were worth $419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the 2nd quarter worth $26,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its stake in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Kennebec Savings Bank bought a new position in Kimberly-Clark during the 3rd quarter worth $36,000. Finally, ORG Wealth Partners LLC bought a new stake in Kimberly-Clark during the third quarter worth approximately $39,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMB. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, UBS Group reduced their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.71.

Kimberly-Clark Stock Down 1.5 %

KMB stock opened at $129.49 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market cap of $43.18 billion, a PE ratio of 16.80, a PEG ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The company has a fifty day simple moving average of $131.75 and a 200 day simple moving average of $137.49.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.

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.