Larson Financial Group LLC Sells 1,135 Shares of Kimberly-Clark Co. (NYSE:KMB)

Larson Financial Group LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 21.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,106 shares of the company’s stock after selling 1,135 shares during the period. Larson Financial Group LLC’s holdings in Kimberly-Clark were worth $584,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. CX Institutional lifted its holdings in Kimberly-Clark by 1.2% during the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after acquiring an additional 71 shares during the period. My Legacy Advisors LLC boosted its position in shares of Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after acquiring an additional 77 shares in the last quarter. Finally, Graypoint LLC increased its position in Kimberly-Clark by 1.5% during the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after acquiring an additional 78 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KMB shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. UBS Group cut their target price on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Barclays raised their price target on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research report 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 for the company 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 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. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Up 0.5 %

Shares of NYSE:KMB opened at $139.14 on Tuesday. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a market capitalization of $46.40 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.90 and a beta of 0.40. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company has a fifty day moving average of $138.61 and a 200-day moving average of $139.19.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share 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 return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. On average, equities analysts predict that Kimberly-Clark Co. will post 7.27 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on 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. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

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.