Carnegie Investment Counsel Has $1.53 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Carnegie Investment Counsel cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,769 shares of the company’s stock after selling 545 shares during the period. Carnegie Investment Counsel’s holdings in Kimberly-Clark were worth $1,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Kimberly-Clark by 18.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 454,104 shares of the company’s stock valued at $58,738,000 after acquiring an additional 69,794 shares during the period. Manning & Napier Advisors LLC bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $14,751,000. Swedbank AB raised its stake in shares of Kimberly-Clark by 4.0% in the second quarter. Swedbank AB now owns 166,108 shares of the company’s stock valued at $22,956,000 after purchasing an additional 6,392 shares in the last quarter. PGGM Investments lifted its position in Kimberly-Clark by 84.6% in the second quarter. PGGM Investments now owns 25,927 shares of the company’s stock worth $3,583,000 after purchasing an additional 11,882 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Kimberly-Clark by 10.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 67,476 shares of the company’s stock worth $8,728,000 after buying an additional 6,458 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 0.9 %

Shares of KMB opened at $143.54 on Tuesday. The stock’s fifty day simple moving average is $142.71 and its 200-day simple moving average is $137.97. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The firm has a market capitalization of $48.33 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. Kimberly-Clark Co. has a 12-month low of $116.63 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.65 EPS. As a group, research analysts predict that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.40%. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The stock was 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 owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KMB shares. Piper Sandler raised their price objective on shares of Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, July 24th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $137.00 to $142.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $149.14.

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.