Global Retirement Partners LLC Sells 484 Shares of Kimberly-Clark Co. (NYSE:KMB)

Global Retirement Partners LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,196 shares of the company’s stock after selling 484 shares during the period. Global Retirement Partners LLC’s holdings in Kimberly-Clark were worth $1,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Rise Advisors LLC boosted its stake in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Wedmont Private Capital boosted its stake in Kimberly-Clark by 11.4% in the first quarter. Wedmont Private Capital now owns 4,411 shares of the company’s stock valued at $564,000 after acquiring an additional 453 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Kimberly-Clark by 13.7% in the first quarter. Park Avenue Securities LLC now owns 7,274 shares of the company’s stock valued at $941,000 after acquiring an additional 878 shares in the last quarter. RFG Advisory LLC boosted its stake in Kimberly-Clark by 6.3% in the first quarter. RFG Advisory LLC now owns 14,294 shares of the company’s stock valued at $1,849,000 after acquiring an additional 849 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Kimberly-Clark by 0.7% in the first quarter. Gulf International Bank UK Ltd now owns 28,046 shares of the company’s stock valued at $3,627,000 after acquiring an additional 184 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KMB shares. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday, October 8th. Piper Sandler lifted their price objective 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, BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $149.14.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the business’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 owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Gonzalo Uribe sold 1,780 shares of the business’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 owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Down 0.5 %

Shares of Kimberly-Clark stock opened at $145.41 on Friday. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The firm has a fifty day moving average price of $143.15 and a 200 day moving average price of $138.38. The stock has a market cap of $48.96 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released 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. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter in the previous year, the company earned $1.65 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.36%. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark 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.