Thrivent Financial for Lutherans Sells 8,149 Shares of Kimberly-Clark Corporation $KMB

Thrivent Financial for Lutherans decreased its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,263 shares of the company’s stock after selling 8,149 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kimberly-Clark were worth $2,450,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. grew its stake in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Finally, Investors Research Corp bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,096 shares of company stock valued at $689,687 in the last ninety days. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on KMB. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Barclays lowered their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Piper Sandler decreased their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Bank of America decreased their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $114.93.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $99.14 on Tuesday. The stock has a market capitalization of $32.91 billion, a P/E ratio of 15.56, a PEG ratio of 4.45 and a beta of 0.29. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The stock has a 50 day moving average price of $97.72 and a two-hundred day moving average price of $101.37. Kimberly-Clark Corporation has a 12-month low of $92.42 and a 12-month high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last announced its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. Equities analysts expect that Kimberly-Clark Corporation will post 7.48 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be given a dividend of $1.28 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.2%. Kimberly-Clark’s dividend payout ratio is presently 80.38%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.