Thrivent Financial for Lutherans Has $2.45 Million Holdings in Kimberly-Clark Corporation $KMB

Thrivent Financial for Lutherans cut its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other large investors also recently modified their holdings of KMB. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the second quarter valued at $27,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at $28,000. Newbridge Financial Services Group Inc. raised its stake in shares of Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares in the last quarter. Finally, Investors Research Corp acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $99.14 on Tuesday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock has a fifty day moving average price of $97.72 and a two-hundred day moving average price of $101.37. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The firm has a market capitalization of $32.91 billion, a P/E ratio of 15.56, a P/E/G ratio of 4.45 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the company posted $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

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

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the stock in a transaction 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. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The SEC filing for this sale provides additional information. Insiders have sold 7,096 shares of company stock valued at $689,687 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KMB shares. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Wells Fargo & Company cut their target price 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 cut their target price 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. Finally, UBS Group upped their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Company Profile

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.