Triangle Securities Wealth Management Sells 106 Shares of Kimberly-Clark Co. (NYSE:KMB)

Triangle Securities Wealth Management lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,884 shares of the company’s stock after selling 106 shares during the period. Triangle Securities Wealth Management’s holdings in Kimberly-Clark were worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KMB. Edgestream Partners L.P. bought a new position in shares of Kimberly-Clark during the second quarter valued at approximately $731,000. Brighton Jones LLC lifted its position in shares of Kimberly-Clark by 16.4% in the 2nd quarter. Brighton Jones LLC now owns 6,515 shares of the company’s stock worth $900,000 after purchasing an additional 917 shares during the period. Ieq Capital LLC boosted its stake in shares of Kimberly-Clark by 23.6% during the 2nd quarter. Ieq Capital LLC now owns 19,212 shares of the company’s stock valued at $2,655,000 after purchasing an additional 3,669 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Kimberly-Clark by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after buying an additional 1,155 shares during the period. Finally, Summit Trail Advisors LLC raised its stake in Kimberly-Clark by 12.8% in the second quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company’s stock worth $827,000 after buying an additional 673 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KMB. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday. Citigroup decreased their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. 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 note on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $143.71.

Kimberly-Clark Stock Performance

Shares of KMB opened at $127.33 on Friday. The business’s fifty day simple moving average is $132.41 and its two-hundred day simple moving average is $137.98. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a market cap of $42.46 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 2.69 and a beta of 0.41. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. During the same quarter in the prior year, the company earned $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% on a year-over-year basis. Research analysts anticipate that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.