Waldron Private Wealth LLC Sells 311 Shares of Kimberly-Clark Co. (NYSE:KMB)

Waldron Private Wealth LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 13.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,945 shares of the company’s stock after selling 311 shares during the period. Waldron Private Wealth LLC’s holdings in Kimberly-Clark were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KMB. Rise Advisors LLC lifted its holdings in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Kimberly-Clark in the first quarter worth about $27,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth about $28,000. Northwest Financial Advisors bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC increased its stake in Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KMB. BNP Paribas initiated coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Piper Sandler lifted their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Stock Performance

Shares of KMB opened at $144.66 on Monday. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.68. The stock has a fifty day moving average price of $140.70 and a 200-day moving average price of $133.72. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. The firm has a market cap of $48.72 billion, a PE ratio of 26.59, a P/E/G ratio of 3.07 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.65 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

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.