Beverly Hills Private Wealth LLC Sells 316 Shares of Kimberly-Clark Co. (NYSE:KMB)

Beverly Hills Private Wealth LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,258 shares of the company’s stock after selling 316 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Kimberly-Clark were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in KMB. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Kimberly-Clark by 18.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after purchasing an additional 69,794 shares in the last quarter. Virtu Financial LLC lifted its holdings in Kimberly-Clark by 506.8% in the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock worth $1,574,000 after buying an additional 10,820 shares during the period. Nixon Peabody Trust Co. bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $1,081,000. Focus Financial Network Inc. ADV purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $1,094,000. Finally, Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of Kimberly-Clark in the 4th quarter worth approximately $11,994,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the completion of the sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.6 %

KMB stock opened at $142.38 on Friday. The business has a fifty day moving average price of $142.07 and a 200-day moving average price of $135.18. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market capitalization of $47.95 billion, a P/E ratio of 26.17, a P/E/G ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Finally, Barclays dropped their price target on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.67.

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.