Mesirow Financial Investment Management Inc. Sells 120 Shares of Kimberly-Clark Co. (NYSE:KMB)

Mesirow Financial Investment Management Inc. lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,434 shares of the company’s stock after selling 120 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Kimberly-Clark were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $437,420,000. UBS Group AG raised its stake in shares of Kimberly-Clark by 13.3% during the fourth quarter. UBS Group AG now owns 919,669 shares of the company’s stock valued at $111,749,000 after acquiring an additional 107,736 shares in the last quarter. CreativeOne Wealth LLC raised its stake in shares of Kimberly-Clark by 103.5% during the fourth quarter. CreativeOne Wealth LLC now owns 5,836 shares of the company’s stock valued at $709,000 after acquiring an additional 2,968 shares in the last quarter. Assetmark Inc. raised its stake in shares of Kimberly-Clark by 17.0% during the fourth quarter. Assetmark Inc. now owns 11,297 shares of the company’s stock valued at $1,373,000 after acquiring an additional 1,640 shares in the last quarter. Finally, Central Valley Advisors LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $219,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KMB shares. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and lifted their price target for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Argus raised shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, TD Cowen began coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.67.

Insider Activity

In other news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Kimberly-Clark 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 $1,038,976.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now 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. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

NYSE KMB opened at $141.66 on Wednesday. The firm has a market capitalization of $47.70 billion, a P/E ratio of 26.04, a P/E/G ratio of 3.04 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $149.30. The firm’s fifty day simple moving average is $142.32 and its two-hundred day simple moving average is $135.83.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.65 earnings per share. Analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 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.