Bristlecone Advisors LLC Has $216,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Bristlecone Advisors LLC decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 18.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,562 shares of the company’s stock after selling 364 shares during the period. Bristlecone Advisors LLC’s holdings in Kimberly-Clark were worth $216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC raised its holdings in Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after buying an additional 176 shares in the last quarter. New Millennium Group LLC acquired a new position in Kimberly-Clark in the 2nd quarter valued at $28,000. Crewe Advisors LLC bought a new position in Kimberly-Clark in the 1st quarter worth $27,000. Fortitude Family Office LLC boosted its holdings in Kimberly-Clark by 333.3% during the second quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock valued at $45,000 after acquiring an additional 250 shares during the period. Finally, Northwest Financial Advisors acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $40,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was 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 directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark 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 sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.3 %

Shares of Kimberly-Clark stock traded up $0.37 during trading on Monday, hitting $143.98. 558,178 shares of the company were exchanged, compared to its average volume of 2,148,350. The firm has a market capitalization of $48.48 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.95 and a beta of 0.37. The firm’s fifty day moving average price is $140.38 and its 200 day moving average price is $132.86. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.68.

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. The firm 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 business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.65 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.21 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

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 issued a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.39%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Analyst Ratings Changes

A number of analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Argus upgraded Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. TD Cowen started coverage on shares of Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $145.67.

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.