ICA Group Wealth Management LLC Sells 1,363 Shares of Kimberly-Clark Co. (NYSE:KMB)

ICA Group Wealth Management LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 45.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,633 shares of the company’s stock after selling 1,363 shares during the period. ICA Group Wealth Management LLC’s holdings in Kimberly-Clark were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Kimberly-Clark by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,166,693 shares of the company’s stock valued at $141,758,000 after buying an additional 53,578 shares during the last quarter. Fiera Capital Corp purchased a new stake in shares of Kimberly-Clark during the fourth quarter worth about $711,000. Financial Advocates Investment Management boosted its holdings in shares of Kimberly-Clark by 7.2% during the fourth quarter. Financial Advocates Investment Management now owns 11,324 shares of the company’s stock worth $1,376,000 after purchasing an additional 758 shares during the period. Brown Advisory Inc. grew its stake in shares of Kimberly-Clark by 1.6% in the fourth quarter. Brown Advisory Inc. now owns 430,301 shares of the company’s stock worth $52,286,000 after purchasing an additional 6,794 shares during the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in Kimberly-Clark by 52.8% during the 4th quarter. Mizuho Markets Americas LLC now owns 37,534 shares of the company’s stock valued at $4,561,000 after purchasing an additional 12,964 shares during the period. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMB. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. BNP Paribas began coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Argus raised shares of Kimberly-Clark to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $143.52 on Friday. The company has a market capitalization of $48.34 billion, a PE ratio of 26.38, a PEG ratio of 3.04 and a beta of 0.39. 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 business has a fifty day moving average price of $142.18 and a 200-day moving average price of $135.43. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same period last year, the business posted $1.65 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred on 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 sale, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’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 transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction on 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 sale, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

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.