Everence Capital Management Inc. Sells 5,380 Shares of Kimberly-Clark Co. (NYSE:KMB)

Everence Capital Management Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 61.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,430 shares of the company’s stock after selling 5,380 shares during the quarter. Everence Capital Management Inc.’s holdings in Kimberly-Clark were worth $449,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Kimberly-Clark in the 2nd quarter worth about $26,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth about $32,000. DiNuzzo Private Wealth Inc. increased its holdings in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Finally, Kennebec Savings Bank purchased a new position in Kimberly-Clark in the third quarter valued at about $36,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Barclays upped their price target on shares of Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. UBS Group decreased their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $149.93.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.7 %

Shares of Kimberly-Clark stock opened at $129.76 on Monday. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company’s 50 day moving average price is $133.95 and its 200-day moving average price is $138.89. The stock has a market capitalization of $43.27 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.74 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

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.