SevenBridge Financial Group LLC Sells 376 Shares of Kimberly-Clark Co. (NYSE:KMB)

SevenBridge Financial Group LLC lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,720 shares of the company’s stock after selling 376 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Kimberly-Clark were worth $1,562,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. bought a new stake in Kimberly-Clark in the second quarter worth $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $28,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. raised its position in shares of Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after buying an additional 202 shares in the last quarter. Finally, Kennebec Savings Bank bought a new position in shares of Kimberly-Clark in the 3rd quarter valued at about $36,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 1.0 %

KMB stock opened at $138.42 on Friday. The company has a market capitalization of $46.16 billion, a PE ratio of 17.95, a P/E/G ratio of 2.88 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The firm’s 50-day moving average is $138.72 and its 200 day moving average is $139.15.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Barclays lifted their price objective on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $149.93.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate 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.