Kathmere Capital Management LLC Sells 176 Shares of Kimberly-Clark Co. (NYSE:KMB)

Kathmere Capital Management LLC lessened its position in Kimberly-Clark Co. (NYSE:KMB) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,062 shares of the company’s stock after selling 176 shares during the period. Kathmere Capital Management LLC’s holdings in Kimberly-Clark were worth $720,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. SageView Advisory Group LLC increased its stake in Kimberly-Clark by 4.5% in the fourth quarter. SageView Advisory Group LLC now owns 1,706 shares of the company’s stock valued at $224,000 after purchasing an additional 74 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 1.9% in the first quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company’s stock valued at $577,000 after buying an additional 74 shares during the period. Tudor Financial Inc. boosted its holdings in shares of Kimberly-Clark by 3.8% in the first quarter. Tudor Financial Inc. now owns 2,042 shares of the company’s stock valued at $290,000 after buying an additional 75 shares during the period. Park National Corp OH boosted its holdings in shares of Kimberly-Clark by 2.6% in the first quarter. Park National Corp OH now owns 3,031 shares of the company’s stock valued at $431,000 after buying an additional 77 shares during the period. Finally, Hoge Financial Services LLC boosted its holdings in shares of Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company’s stock valued at $271,000 after buying an additional 77 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada reduced their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. UBS Group upped their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.50.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider directly owned 3,997 shares of the company’s stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $129.38 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm’s fifty day moving average price is $134.33 and its two-hundred day moving average price is $134.73. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The firm has a market capitalization of $42.93 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th were given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 68.66%.

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.