Lynch & Associates IN Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Lynch & Associates IN cut its position in Kimberly-Clark Co. (NYSE:KMB) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,250 shares of the company’s stock after selling 90 shares during the quarter. Lynch & Associates IN’s holdings in Kimberly-Clark were worth $2,129,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the second quarter valued at approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the third quarter worth $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark during the second quarter worth $32,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the period. Finally, Kennebec Savings Bank acquired a new position in Kimberly-Clark during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMB. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. UBS Group decreased their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Stock Performance

NYSE KMB traded down $2.21 during trading hours on Friday, hitting $124.56. 2,279,979 shares of the stock were exchanged, compared to its average volume of 1,891,314. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The stock has a 50-day moving average of $133.31 and a 200 day moving average of $138.52. The company has a market cap of $41.54 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. The company 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 revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 earnings per share. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.92%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.62% of the company’s stock.

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.