Kingsview Wealth Management LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Kingsview Wealth Management LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,797 shares of the company’s stock after selling 774 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KMB. Waverly Advisors LLC boosted its position in shares of Kimberly-Clark by 11.8% during the 1st quarter. Waverly Advisors LLC now owns 12,728 shares of the company’s stock valued at $1,646,000 after acquiring an additional 1,343 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Kimberly-Clark by 3.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock valued at $2,241,000 after purchasing an additional 572 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Kimberly-Clark by 61.7% in the 1st quarter. Tidal Investments LLC now owns 38,668 shares of the company’s stock worth $4,997,000 after buying an additional 14,761 shares in the last quarter. Alethea Capital Management LLC increased its holdings in shares of Kimberly-Clark by 66.2% in the 1st quarter. Alethea Capital Management LLC now owns 3,906 shares of the company’s stock worth $505,000 after buying an additional 1,556 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Kimberly-Clark by 1.3% during the 1st quarter. Comerica Bank now owns 225,864 shares of the company’s stock valued at $29,215,000 after buying an additional 2,847 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $139.14 on Tuesday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.90 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a 50-day simple moving average of $138.61 and a two-hundred day simple moving average of $139.19.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period last year, the firm earned $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group reduced their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays increased their target price on shares of Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.93.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

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.