Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.5% during the third quarter, HoldingsChannel.com reports. The fund owned 5,137 shares of the company’s stock after selling 133 shares during the period. Custom Index Systems LLC’s holdings in Kimberly-Clark were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark in the second quarter valued at $26,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark during the second quarter worth about $28,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the 1st quarter valued at about $27,000. DiNuzzo Private Wealth Inc. raised its stake in 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 acquiring an additional 202 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $1.49 during trading hours on Friday, hitting $135.52. The stock had a trading volume of 2,273,945 shares, compared to its average volume of 2,121,164. Kimberly-Clark Co. has a 1-year low of $116.63 and a 1-year high of $149.30. The stock has a market capitalization of $45.63 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.89 and a beta of 0.39. The stock’s fifty day moving average is $142.94 and its two-hundred day moving average is $138.79. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. As a group, analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KMB. TD Cowen began coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday. Barclays increased their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.93.

Insiders Place Their Bets

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’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 sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently 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.