Weatherly Asset Management L. P. Reduces Stake in Kimberly-Clark Co. (NYSE:KMB)

Weatherly Asset Management L. P. lowered its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,689 shares of the company’s stock after selling 625 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Kimberly-Clark were worth $1,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in KMB. Rise Advisors LLC increased its holdings in shares of Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the last quarter. Crewe Advisors LLC purchased a new position in Kimberly-Clark during the 1st quarter worth approximately $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark during the 2nd quarter worth approximately $28,000. Northwest Financial Advisors purchased a new position in Kimberly-Clark during the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC grew its stake in Kimberly-Clark by 333.3% during the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB traded up $1.44 during mid-day trading on Friday, hitting $144.66. The company’s stock had a trading volume of 2,421,722 shares, compared to its average volume of 1,754,962. 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 firm has a 50-day simple moving average of $140.70 and a 200 day simple moving average of $133.51. The firm has a market capitalization of $48.72 billion, a P/E ratio of 26.59, a P/E/G ratio of 3.07 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.68.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. Analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.37%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their price target on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. BNP Paribas started coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price target on the stock. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $160.00 in a research report on Thursday, June 13th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.67.

Insider Buying and Selling

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, 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 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.