Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Estabrook Capital Management

Estabrook Capital Management lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 924 shares of the company’s stock after selling 120 shares during the quarter. Estabrook Capital Management’s holdings in Kimberly-Clark were worth $128,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Kimberly-Clark by 18.2% during the 1st 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 in the last quarter. Virtu Financial LLC raised its stake in shares of Kimberly-Clark by 506.8% during the fourth quarter. Virtu Financial LLC now owns 12,955 shares of the company’s stock valued at $1,574,000 after purchasing an additional 10,820 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in Kimberly-Clark in the fourth quarter worth about $1,094,000. Cantor Fitzgerald Investment Advisors L.P. bought a new position in Kimberly-Clark in the 4th quarter valued at about $11,994,000. Finally, Manning & Napier Advisors LLC acquired a new position in Kimberly-Clark during the 2nd quarter valued at about $14,751,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB opened at $140.75 on Friday. The business’s 50-day moving average is $142.29 and its 200-day moving average is $136.10. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The company has a market capitalization of $47.39 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 3.04 and a beta of 0.39. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.25. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.65 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal 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 given a dividend of $1.22 per share. The ex-dividend date is Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. Kimberly-Clark’s payout ratio is 89.71%.

Insider Buying and Selling at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s 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 completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several research analyst reports. Piper Sandler upped their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Barclays reduced their price objective on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Finally, JPMorgan Chase & Co. increased their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.67.

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.