Pointe Capital Management LLC Sells 133 Shares of Kimberly-Clark Co. (NYSE:KMB)

Pointe Capital Management LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,805 shares of the company’s stock after selling 133 shares during the period. Pointe Capital Management LLC’s holdings in Kimberly-Clark were worth $584,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Cranbrook Wealth Management LLC lifted its position in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark during the third quarter worth approximately $25,000. Centerpoint Advisors LLC raised its stake in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $35,000. Finally, Bruce G. Allen Investments LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $37,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. UBS Group lifted their target price on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. HSBC lifted their target price on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $134.85.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.41 on Friday, reaching $136.09. 1,907,297 shares of the company’s stock were exchanged, compared to its average volume of 2,559,916. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The firm has a market cap of $45.82 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 0.38. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $146.15. The stock has a fifty day simple moving average of $127.19 and a 200-day simple moving average of $123.33.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock valued at $2,808,345 over the last three months. 0.62% of the stock is owned by corporate insiders.

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.