Patrick Mauro Investment Advisor INC. lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,579 shares of the company's stock after selling 3,386 shares during the quarter. Kimberly-Clark makes up about 1.9% of Patrick Mauro Investment Advisor INC.'s portfolio, making the stock its 23rd biggest holding. Patrick Mauro Investment Advisor INC.'s holdings in Kimberly-Clark were worth $3,352,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark in the 4th quarter worth $25,000. Minot DeBlois Advisors LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $29,000. Roxbury Financial LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $33,000. Finally, Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 76.29% of the company's stock.
Kimberly-Clark Trading Down 0.4%
Shares of KMB stock opened at $141.01 on Thursday. The company's 50-day moving average price is $137.16 and its 200-day moving average price is $134.89. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock has a market cap of $46.79 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45.
Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion for 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 posted $2.01 EPS. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 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, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.57%. Kimberly-Clark's payout ratio is 68.66%.
Wall Street Analyst Weigh In
KMB has been the subject of several recent analyst reports. Evercore ISI cut their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler dropped their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. StockNews.com lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $145.08.
Get Our Latest Report on KMB
Insider Activity
In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the transaction, the vice president now owns 2,553 shares of the company's stock, valued at $357,420. This trade represents a 49.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katy Chen sold 740 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the transaction, the insider now directly owns 3,997 shares of the company's stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,872 shares of company stock valued at $2,208,684. 0.64% of the stock is currently owned by insiders.
About Kimberly-Clark
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Free Report)
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.
See Also
Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly-Clark Co. (NYSE:KMB - Free Report).
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