Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Powers Advisory Group LLC

Powers Advisory Group LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,741 shares of the company’s stock after selling 285 shares during the quarter. Powers Advisory Group LLC’s holdings in Kimberly-Clark were worth $613,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC raised its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC raised its position in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $35,000. Bruce G. Allen Investments LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $37,000. Finally, Northwest Financial Advisors acquired a new position in Kimberly-Clark in the 4th quarter valued at about $40,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Piper Sandler boosted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. Barclays increased their price target on shares of Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Finally, BNP Paribas began coverage on shares of Kimberly-Clark in a research report on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $141.64.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The disclosure for this sale can be found here. Insiders have sold a total of 24,395 shares of company stock worth $3,332,776 in the last quarter. 0.62% of the stock is owned by insiders.

Kimberly-Clark Trading Down 0.3 %

Shares of KMB stock traded down $0.47 during mid-day trading on Thursday, hitting $137.52. 736,897 shares of the company’s stock were exchanged, compared to its average volume of 1,989,649. The stock has a market cap of $46.30 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 3.11 and a beta of 0.37. The stock has a 50-day simple moving average of $136.07 and a two-hundred day simple moving average of $127.88. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $142.20. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.67 EPS. Equities analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

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.