Kathmere Capital Management LLC Sells 580 Shares of Kimberly-Clark Co. (NYSE:KMB)

Kathmere Capital Management LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,238 shares of the company’s stock after selling 580 shares during the period. Kathmere Capital Management LLC’s holdings in Kimberly-Clark were worth $686,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark during the 2nd quarter valued at about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kimberly-Clark by 808.0% during 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 in the last quarter. Kennebec Savings Bank bought a new position in Kimberly-Clark in the 3rd quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in Kimberly-Clark during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Down 0.5 %

NYSE KMB opened at $125.60 on Thursday. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The company has a market capitalization of $41.89 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The stock’s 50-day moving average price is $132.77 and its 200-day moving average price is $138.22.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.74 EPS. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.89%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Analyst Ratings Changes

KMB has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group lowered their target price on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, Piper Sandler cut their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.07.

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.