Transatlantique Private Wealth LLC Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

Transatlantique Private Wealth LLC cut its position in Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,942 shares of the company’s stock after selling 129 shares during the period. Transatlantique Private Wealth LLC’s holdings in Kimberly-Clark were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rise Advisors LLC increased its stake in Kimberly-Clark by 926.3% in the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. Crewe Advisors LLC bought a new stake in Kimberly-Clark during the 1st quarter valued at approximately $27,000. New Millennium Group LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $28,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $32,000. Finally, Fortitude Family Office LLC boosted its stake in Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after purchasing an additional 250 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, July 24th. BNP Paribas initiated coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price target for the company. Finally, TD Cowen assumed coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $140.75 on Friday. The stock has a market cap of $47.39 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.39. The firm has a 50-day moving average of $142.29 and a two-hundred day moving average of $136.01. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.25. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. Kimberly-Clark’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 earnings per share. On average, research analysts forecast that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be issued a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.47%. Kimberly-Clark’s payout ratio is currently 89.71%.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey P. Melucci sold 37,699 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the transaction, the insider now directly owns 19,935 shares in the company, valued at $2,819,207.70. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Kimberly-Clark 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.