Well Done LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Well Done LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,735 shares of the company’s stock after selling 156 shares during the quarter. Well Done LLC’s holdings in Kimberly-Clark were worth $247,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in 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 acquiring an additional 944,920 shares during the period. Wulff Hansen & CO. grew its stake in shares of Kimberly-Clark by 13,720.0% during the 2nd quarter. Wulff Hansen & CO. now owns 641,524 shares of the company’s stock valued at $88,659,000 after buying an additional 636,882 shares during the period. Marshall Wace LLP lifted its holdings in shares of Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of Kimberly-Clark by 17.8% during the 1st quarter. Capital World Investors now owns 2,269,492 shares of the company’s stock valued at $293,559,000 after acquiring an additional 342,790 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction 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 owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were 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 in the company, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMB has been the topic of a number of recent analyst reports. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Barclays upped their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Piper Sandler upped their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.14.

Kimberly-Clark Price Performance

NYSE:KMB traded down $1.97 during trading hours on Friday, reaching $144.12. 217,675 shares of the company were exchanged, compared to its average volume of 2,088,835. The business has a 50 day moving average of $143.05 and a 200 day moving average of $138.19. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30. The company has a market capitalization of $48.53 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The company 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%. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. Research analysts forecast that Kimberly-Clark Co. will post 7.25 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. Kimberly-Clark’s dividend payout ratio is presently 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.