Choreo LLC Sells 1,963 Shares of Kimberly-Clark Co. (NYSE:KMB)

Choreo LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,086 shares of the company's stock after selling 1,963 shares during the period. Choreo LLC's holdings in Kimberly-Clark were worth $1,590,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SageView Advisory Group LLC lifted its position in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after purchasing an additional 74 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of Kimberly-Clark by 1.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 4,056 shares of the company's stock valued at $577,000 after acquiring an additional 74 shares in the last quarter. Tudor Financial Inc. lifted its position in shares of Kimberly-Clark by 3.8% during the 1st quarter. Tudor Financial Inc. now owns 2,042 shares of the company's stock valued at $290,000 after acquiring an additional 75 shares during the period. Park National Corp OH boosted its stake in Kimberly-Clark by 2.6% during the first quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after acquiring an additional 77 shares in the last quarter. Finally, Hoge Financial Services LLC increased its stake in Kimberly-Clark by 4.2% in the first quarter. Hoge Financial Services LLC now owns 1,907 shares of the company's stock valued at $271,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Trading Down 0.3%

NYSE:KMB traded down $0.37 during trading hours on Friday, reaching $127.38. The company's stock had a trading volume of 1,549,446 shares, compared to its average volume of 2,289,590. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market capitalization of $42.27 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 4.46 and a beta of 0.35. The firm has a 50-day simple moving average of $132.95 and a 200-day simple moving average of $134.52. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted $2.01 EPS. Research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.96%. Kimberly-Clark's dividend payout ratio is presently 68.66%.

Wall Street Analyst Weigh In

KMB has been the subject of a number of recent research reports. Evercore ISI decreased their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $126.00 to $125.00 and set an "underweight" rating for the company in a report on Friday. Wall Street Zen lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Piper Sandler started coverage on shares of Kimberly-Clark in a report on Friday, July 18th. They set an "overweight" rating and a $144.00 price objective on the stock. Finally, Barclays dropped their price target on shares of Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $140.90.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,794 shares of the company's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the transaction, the insider directly owned 3,098 shares in the company, valued at approximately $405,032.52. This represents a 36.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.

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.