Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,468 shares of the company’s stock after selling 100 shares during the quarter. Bridges Investment Management Inc.’s holdings in Kimberly-Clark were worth $617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rise Advisors LLC lifted its position in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after acquiring an additional 176 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Kimberly-Clark in the first quarter valued at $27,000. New Millennium Group LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $28,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the 2nd quarter worth $32,000. Finally, Fortitude Family Office LLC lifted its holdings 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 buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KMB shares. Bank of America upgraded Kimberly-Clark from an “underperform” rating to a “buy” rating and raised their target price for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Piper Sandler increased their target price on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. BNP Paribas started coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target for the company. Finally, TD Cowen started coverage on shares of Kimberly-Clark in a report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.67.

Insider Buying and Selling

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the business’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 completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark 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 sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now directly owns 19,935 shares of the company’s stock, 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.

Kimberly-Clark Price Performance

KMB opened at $140.75 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company’s 50-day moving average price is $142.29 and its 200 day moving average price is $136.10. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30. The firm 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.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results 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 business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.65 EPS. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders 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 annualized dividend and a dividend yield of 3.47%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

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.