Northwestern Mutual Wealth Management Co. Has $4.24 Million Holdings in Kimberly Clark Corp (NYSE:KMB)

Northwestern Mutual Wealth Management Co. grew its position in Kimberly Clark Corp (NYSE:KMB) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,190 shares of the company’s stock after purchasing an additional 2,322 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Kimberly Clark were worth $4,244,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Kimberly Clark by 493.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 78,997 shares of the company’s stock worth $10,101,000 after acquiring an additional 65,681 shares in the last quarter. AGF Investments LLC boosted its stake in shares of Kimberly Clark by 206.0% during the 1st quarter. AGF Investments LLC now owns 3,290 shares of the company’s stock worth $421,000 after acquiring an additional 2,215 shares in the last quarter. NewSquare Capital LLC boosted its stake in shares of Kimberly Clark by 3.6% during the 1st quarter. NewSquare Capital LLC now owns 20,802 shares of the company’s stock worth $2,660,000 after acquiring an additional 732 shares in the last quarter. AGF Investments Inc. bought a new stake in shares of Kimberly Clark during the 1st quarter worth about $1,007,000. Finally, United Asset Strategies Inc. bought a new stake in shares of Kimberly Clark during the 1st quarter worth about $636,000. Institutional investors own 72.55% of the company’s stock.

In other Kimberly Clark news, SVP J. Scott Boston sold 13,388 shares of Kimberly Clark stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $141.00, for a total value of $1,887,708.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly K. Underhill sold 24,469 shares of Kimberly Clark stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $140.25, for a total value of $3,431,777.25. Following the completion of the sale, the insider now directly owns 57,527 shares in the company, valued at approximately $8,068,161.75. The disclosure for this sale can be found here. Insiders sold a total of 42,536 shares of company stock worth $5,969,866 in the last three months. Company insiders own 0.72% of the company’s stock.

KMB has been the subject of several recent analyst reports. Deutsche Bank upped their price target on Kimberly Clark from $143.00 to $145.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Jefferies Financial Group upped their price target on Kimberly Clark from $149.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Citigroup increased their target price on Kimberly Clark from $123.00 to $135.00 and gave the company a “sell” rating in a research note on Friday, January 24th. Goldman Sachs Group upgraded Kimberly Clark to a “hold” rating in a research note on Monday, March 30th. Finally, Royal Bank of Canada restated a “hold” rating and set a $149.00 target price on shares of Kimberly Clark in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Kimberly Clark presently has an average rating of “Hold” and a consensus price target of $146.70.

NYSE KMB opened at $139.74 on Friday. Kimberly Clark Corp has a 52 week low of $110.66 and a 52 week high of $149.23. The company has a debt-to-equity ratio of 156.74, a quick ratio of 0.63 and a current ratio of 0.87. The stock has a market capitalization of $46.81 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 3.59 and a beta of 0.49. The stock has a fifty day moving average of $136.74 and a 200-day moving average of $136.98.

Kimberly Clark (NYSE:KMB) last posted its earnings results on Wednesday, April 22nd. The company reported $2.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.15. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.84 billion. Kimberly Clark had a return on equity of 2,686.77% and a net margin of 12.55%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 earnings per share. Equities research analysts forecast that Kimberly Clark Corp will post 7.57 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.07 dividend. This represents a $4.28 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, June 4th. Kimberly Clark’s dividend payout ratio is 62.12%.

Kimberly Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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