Profit Investment Management LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Profit Investment Management LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,443 shares of the company’s stock after selling 80 shares during the period. Profit Investment Management LLC’s holdings in Kimberly-Clark were worth $475,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC increased its holdings in Kimberly-Clark by 56.3% in the fourth quarter. CVA Family Office LLC now owns 225 shares of the company’s stock valued at $31,000 after buying an additional 81 shares in the last quarter. Horizons Wealth Management acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $32,000. Carderock Capital Management Inc. acquired a new stake in Kimberly-Clark during the first quarter worth approximately $37,000. Venturi Wealth Management LLC acquired a new stake in Kimberly-Clark during the first quarter worth approximately $38,000. Finally, McCarthy Grittinger Financial Group LLC acquired a new stake in Kimberly-Clark during the first quarter worth approximately $39,000. 74.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Kimberly-Clark in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Citigroup decreased their price target on shares of Kimberly-Clark from $130.00 to $126.00 in a report on Wednesday, July 26th. Barclays lifted their price target on shares of Kimberly-Clark from $137.00 to $141.00 and gave the company an “equal weight” rating in a report on Thursday, July 27th. Bank of America decreased their price target on shares of Kimberly-Clark from $145.00 to $138.00 in a report on Wednesday, July 26th. Finally, TheStreet lowered shares of Kimberly-Clark from a “b” rating to a “c+” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $135.33.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $125.01 on Friday. The company’s fifty day simple moving average is $129.65 and its 200-day simple moving average is $133.81. Kimberly-Clark Co. has a 52 week low of $108.74 and a 52 week high of $147.87. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 12.21. The company has a market cap of $42.28 billion, a PE ratio of 25.78, a P/E/G ratio of 2.38 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.17. Kimberly-Clark had a net margin of 8.07% and a return on equity of 303.40%. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the previous year, the firm posted $1.34 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 6.42 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, September 8th will be paid a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 97.32%.

Insider Buying and Selling

In related news, insider Sandra R. Karrmann sold 5,122 shares of Kimberly-Clark stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $129.80, for a total transaction of $664,835.60. Following the sale, the insider now owns 6,228 shares of the company’s stock, valued at approximately $808,394.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 4,423 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $130.23, for a total transaction of $576,007.29. Following the completion of the transaction, the insider now directly owns 28,169 shares of the company’s stock, valued at approximately $3,668,448.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra R. Karrmann sold 5,122 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $129.80, for a total transaction of $664,835.60. Following the transaction, the insider now directly owns 6,228 shares of the company’s stock, valued at $808,394.40. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products worldwide. 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.