Waldron Private Wealth LLC Trims Stake in Kimberly-Clark Co. (NYSE:KMB)

Waldron Private Wealth LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 20.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,538 shares of the company’s stock after selling 407 shares during the period. Waldron Private Wealth LLC’s holdings in Kimberly-Clark were worth $219,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Kimberly-Clark by 19.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares during the period. Capital World Investors grew its holdings in Kimberly-Clark by 17.8% in the first quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock worth $293,559,000 after purchasing an additional 342,790 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kimberly-Clark by 22.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after purchasing an additional 354,501 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Kimberly-Clark by 2.9% during the first quarter. Nordea Investment Management AB now owns 1,720,051 shares of the company’s stock valued at $222,093,000 after purchasing an additional 48,103 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Kimberly-Clark by 48.4% during the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after purchasing an additional 503,839 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Trading Down 0.6 %

NYSE:KMB opened at $136.89 on Thursday. The company has a market cap of $46.09 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.98 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. The company has a 50 day simple moving average of $143.18 and a two-hundred day simple moving average of $138.66. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. Research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analysts Forecast Growth

KMB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target for the company. UBS Group lowered their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday. Finally, Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $149.93.

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.