Profit Investment Management LLC Sells 214 Shares of Kimberly-Clark Co. (NYSE:KMB)

Profit Investment Management LLC lessened its position in Kimberly-Clark Co. (NYSE:KMB) by 6.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,146 shares of the company’s stock after selling 214 shares during the quarter. Profit Investment Management LLC’s holdings in Kimberly-Clark were worth $412,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Carnegie Investment Counsel raised its position in Kimberly-Clark by 1.5% during the 4th quarter. Carnegie Investment Counsel now owns 10,933 shares of the company’s stock valued at $1,433,000 after purchasing an additional 164 shares in the last quarter. West Coast Financial LLC boosted its holdings in Kimberly-Clark by 3.1% in the fourth quarter. West Coast Financial LLC now owns 4,062 shares of the company’s stock worth $532,000 after acquiring an additional 124 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Kimberly-Clark by 7.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,983 shares of the company’s stock worth $3,274,000 after purchasing an additional 1,818 shares during the last quarter. Godsey & Gibb Inc. increased its position in shares of Kimberly-Clark by 0.5% in the 4th quarter. Godsey & Gibb Inc. now owns 145,166 shares of the company’s stock valued at $19,023,000 after acquiring an additional 687 shares during the period. Finally, Burney Co. raised its stake in shares of Kimberly-Clark by 6.8% in the fourth quarter. Burney Co. now owns 11,666 shares of the company’s stock worth $1,529,000 after purchasing an additional 740 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday. Barclays increased their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Finally, Piper Sandler decreased their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.57.

Kimberly-Clark Stock Up 0.9 %

Kimberly-Clark stock opened at $126.66 on Friday. The company has a 50-day simple moving average of $132.64 and a 200-day simple moving average of $138.13. The firm has a market capitalization of $42.24 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.31 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.85%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Activity

In other 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 sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

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.