Symphony Financial Ltd. Co. Sells 262 Shares of Kimberly-Clark Co. (NYSE:KMB)

Symphony Financial Ltd. Co. decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,618 shares of the company’s stock after selling 262 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Kimberly-Clark were worth $373,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. bought a new position in Kimberly-Clark in the second quarter worth $26,000. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark in the first quarter worth $27,000. New Millennium Group LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth $28,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMB. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. StockNews.com cut Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Argus raised Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Barclays increased their price objective on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $149.14.

Kimberly-Clark Stock Down 4.5 %

NYSE KMB opened at $137.75 on Wednesday. The stock’s 50-day moving average price is $143.26 and its 200-day moving average price is $138.67. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 52 week low of $116.63 and a 52 week high of $149.30. The company has a market capitalization of $46.38 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Insider Activity at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred 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 owns 7,377 shares in the company, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on 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 $2,819,207.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

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.