Abbot Financial Management Inc. Sells 250 Shares of Kimberly-Clark Co. (NYSE:KMB)

Abbot Financial Management Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,801 shares of the company’s stock after selling 250 shares during the period. Abbot Financial Management Inc.’s holdings in Kimberly-Clark were worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMB. Rise Advisors LLC grew its holdings in shares of Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Kimberly-Clark during the 1st quarter valued at $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth about $28,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark during the second quarter valued at about $32,000. Finally, Fortitude Family Office LLC increased its holdings in Kimberly-Clark by 333.3% during the second 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. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.5 %

Kimberly-Clark stock opened at $144.20 on Tuesday. The stock has a market cap of $48.57 billion, a P/E ratio of 26.51, a PEG ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The firm’s fifty day moving average price is $142.28 and its 200-day moving average price is $135.69. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85.

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

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Ratings Changes

A number of research firms have weighed in on KMB. Piper Sandler boosted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $145.67.

Insider Activity

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction dated 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 transaction, the insider now owns 19,935 shares in the company, 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.

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.