Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the company’s stock after selling 100 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Kimberly-Clark were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CX Institutional boosted its holdings in Kimberly-Clark by 1.2% in the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after acquiring an additional 71 shares during the period. Capital Investment Counsel Inc boosted its stake in shares of Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock valued at $1,296,000 after purchasing an additional 75 shares during the period. Connecticut Wealth Management LLC grew its holdings in Kimberly-Clark by 4.6% during the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $227,000 after purchasing an additional 77 shares in the last quarter. Equitable Trust Co. grew its holdings in Kimberly-Clark by 0.9% during the 2nd quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock valued at $1,253,000 after purchasing an additional 80 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its stake in Kimberly-Clark by 1.6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’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 completion of the transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction that occurred 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 completion of the transaction, 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. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. Barclays dropped their price objective on Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. TD Cowen initiated coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, BNP Paribas began coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.00.

Kimberly-Clark Price Performance

Shares of KMB opened at $142.01 on Wednesday. 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 cap of $47.82 billion, a P/E ratio of 26.10, a PEG ratio of 3.00 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. The stock has a fifty day moving average price of $142.24 and a 200 day moving average price of $137.41.

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, topping analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion for the quarter, compared to analysts’ expectations 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 last year, the company earned $1.65 EPS. 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 firm 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. This represents a $4.88 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

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.