Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. trimmed its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,801 shares of the company's stock after selling 4,778 shares during the period. Kimberly-Clark makes up approximately 1.6% of Patrick Mauro Investment Advisor INC.'s holdings, making the stock its 24th biggest holding. Patrick Mauro Investment Advisor INC.'s holdings in Kimberly-Clark were worth $2,958,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KMB. Brighton Jones LLC lifted its stake in shares of Kimberly-Clark by 74.1% during the fourth quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after buying an additional 2,765 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Kimberly-Clark by 26.3% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,379 shares of the company's stock worth $443,000 after buying an additional 703 shares during the period. Choate Investment Advisors lifted its stake in shares of Kimberly-Clark by 233.7% during the fourth quarter. Choate Investment Advisors now owns 5,360 shares of the company's stock worth $702,000 after buying an additional 3,754 shares during the period. Cibc World Markets Corp lifted its stake in shares of Kimberly-Clark by 14.1% during the fourth quarter. Cibc World Markets Corp now owns 130,983 shares of the company's stock worth $17,164,000 after buying an additional 16,172 shares during the period. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $52,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. Royal Bank Of Canada decreased their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research report on Friday, April 11th. Finally, Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $143.50.

Kimberly-Clark Stock Down 1.5%

KMB opened at $127.46 on Tuesday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. 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 company has a fifty day moving average of $134.27 and a two-hundred day moving average of $134.71. The stock has a market capitalization of $42.29 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same quarter in the previous year, the company earned $2.01 earnings per share. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were paid 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 dividend yield of 3.95%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider owned 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

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.

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