Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lowered by ORG Partners LLC

ORG Partners LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 661 shares of the company’s stock after selling 78 shares during the period. ORG Partners LLC’s holdings in Kimberly-Clark were worth $92,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

KMB has been the subject of a number of research reports. UBS Group raised their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. The Goldman Sachs Group raised their price objective on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler lifted their target price on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Finally, Barclays decreased their price target on shares of 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 assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Price Performance

NYSE:KMB traded down $0.27 during trading hours on Thursday, reaching $140.55. The company had a trading volume of 385,823 shares, compared to its average volume of 2,179,647. The firm has a market capitalization of $47.32 billion, a PE ratio of 25.89, a PEG ratio of 2.95 and a beta of 0.37. The stock has a 50-day moving average of $139.42 and a two-hundred day moving average of $131.71. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.62. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The business had revenue of $5.03 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same quarter last year, the company posted $1.65 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.21 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 89.71%.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at $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 stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The disclosure for this sale can be found here. 0.62% of the stock is owned by company insiders.

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.