Journey Advisory Group LLC Sells 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Journey Advisory Group LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,286 shares of the company’s stock after selling 150 shares during the period. Journey Advisory Group LLC’s holdings in Kimberly-Clark were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC boosted its position 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 during the last quarter. Crewe Advisors LLC acquired a new position in Kimberly-Clark during the first quarter worth $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the second quarter valued at $28,000. Northwest Financial Advisors bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $40,000. Finally, Fortitude Family Office LLC grew its position in shares of Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the 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 completion of the sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were 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 approximately $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Piper Sandler raised their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Finally, Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their target price for the stock from $115.00 to $160.00 in a research note on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $148.05 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a market capitalization of $49.85 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $149.30. The stock’s 50-day simple moving average is $141.33 and its 200 day simple moving average is $134.31.

Kimberly-Clark (NYSE:KMB) last issued its earnings results 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 firm had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, September 6th. 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.