Goodman Advisory Group LLC Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Goodman Advisory Group LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,668 shares of the company’s stock after selling 72 shares during the period. Goodman Advisory Group LLC’s holdings in Kimberly-Clark were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock worth $58,738,000 after buying an additional 69,794 shares during the last quarter. Virtu Financial LLC raised its position in Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after acquiring an additional 10,820 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $1,094,000. Manning & Napier Advisors LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth approximately $14,751,000. Finally, Swedbank AB increased its stake in shares of Kimberly-Clark by 4.0% during the 2nd quarter. Swedbank AB now owns 166,108 shares of the company’s stock worth $22,956,000 after purchasing an additional 6,392 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.2 %

Shares of NYSE KMB opened at $142.53 on Friday. 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 market capitalization of $47.99 billion, a PE ratio of 26.20, a P/E/G ratio of 3.00 and a beta of 0.39. The firm has a fifty day moving average of $142.18 and a 200-day moving average of $136.47. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion during the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 earnings per share. On average, analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.42%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now 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 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 shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on KMB. Deutsche Bank Aktiengesellschaft increased their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Wells Fargo & Company decreased their price target 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. Finally, Barclays cut their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $145.67.

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.