Sei Investments Co. Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Sei Investments Co. reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 14.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 323,275 shares of the company’s stock after selling 54,065 shares during the period. Sei Investments Co. owned approximately 0.10% of Kimberly-Clark worth $44,676,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CX Institutional lifted its holdings in shares of Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after acquiring an additional 71 shares during the last quarter. Capital Investment Counsel Inc boosted its position in shares of Kimberly-Clark by 0.8% during the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after buying an additional 75 shares during the period. Connecticut Wealth Management LLC grew its stake in shares of Kimberly-Clark by 4.6% in the first quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after buying an additional 77 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of Kimberly-Clark by 0.9% in the 2nd quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after buying an additional 80 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its stake in Kimberly-Clark by 1.6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $140.75 on Monday. The company has a market capitalization of $47.39 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The stock has a 50 day moving average price of $142.29 and a 200 day moving average price of $136.18.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts predict that Kimberly-Clark Co. will post 7.25 EPS 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. Stockholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KMB shares. TD Cowen began coverage on Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price for the company. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Barclays decreased their price target on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Argus raised Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus target price of $145.67.

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.