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

SevenBridge Financial Group LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter.

Several other hedge funds have also added to or reduced their stakes in KMB. Epoch Investment Partners Inc. increased its stake in Kimberly-Clark by 2.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 12,103 shares of the company’s stock valued at $1,566,000 after purchasing an additional 241 shares in the last quarter. Ascent Group LLC increased its position in shares of Kimberly-Clark by 17.2% during the first quarter. Ascent Group LLC now owns 7,075 shares of the company’s stock valued at $915,000 after acquiring an additional 1,039 shares in the last quarter. Kinloch Capital LLC raised its holdings in Kimberly-Clark by 19.3% in the 1st quarter. Kinloch Capital LLC now owns 28,720 shares of the company’s stock worth $3,715,000 after acquiring an additional 4,650 shares during the last quarter. Waverly Advisors LLC lifted its position in Kimberly-Clark by 11.8% in the 1st quarter. Waverly Advisors LLC now owns 12,728 shares of the company’s stock valued at $1,646,000 after acquiring an additional 1,343 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Kimberly-Clark by 3.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,369 shares of the company’s stock valued at $2,241,000 after purchasing an additional 572 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 1.0 %

NYSE:KMB opened at $138.42 on Friday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The business has a fifty day moving average price of $138.72 and a 200-day moving average price of $139.15. The firm has a market capitalization of $46.16 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth 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 (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. Kimberly-Clark’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

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 paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date is Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays boosted their target price 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. UBS Group dropped their price target on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $149.93.

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.