Courier Capital LLC Sells 229 Shares of Kimberly-Clark Co. (NYSE:KMB)

Courier Capital LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,431 shares of the company’s stock after selling 229 shares during the quarter. Courier Capital LLC’s holdings in Kimberly-Clark were worth $2,338,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark in the 2nd quarter worth approximately $26,000. New Millennium Group LLC bought a new position in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Crewe Advisors LLC purchased a new stake in Kimberly-Clark in the 1st quarter worth about $27,000. DiNuzzo Private Wealth Inc. raised its stake in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Finally, ORG Wealth Partners LLC purchased a new stake in Kimberly-Clark during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research note on Wednesday. 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 report on Friday, October 11th. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $149.93.

Insider Transactions at Kimberly-Clark

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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $136.89 on Thursday. The company has a market capitalization of $46.09 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.98 and a beta of 0.39. 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 Co. has a 52-week low of $116.63 and a 52-week high of $149.30. The company has a fifty day moving average of $143.18 and a 200-day moving average of $138.66.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.74 EPS. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

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.