Pointe Capital Management LLC Sells 133 Shares of Kimberly-Clark Co. (NYSE:KMB)

Pointe Capital Management LLC lessened its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,805 shares of the company’s stock after selling 133 shares during the period. Pointe Capital Management LLC’s holdings in Kimberly-Clark were worth $584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Cranbrook Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark during the third quarter valued at approximately $25,000. Centerpoint Advisors LLC raised its holdings in Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $35,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $37,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.3 %

NYSE KMB traded down $0.41 during trading hours on Friday, reaching $136.09. The company had a trading volume of 1,907,297 shares, compared to its average volume of 2,559,916. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $45.82 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38. The stock has a 50-day moving average of $127.19 and a 200 day moving average of $123.33. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $146.15.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 earnings per share. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada raised their price objective on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Citigroup lifted their price target on shares of Kimberly-Clark from $111.00 to $125.00 and gave the company a “sell” rating in a report on Wednesday, April 24th. Finally, HSBC boosted their target price on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.85.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the sale, the insider now owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock valued at $2,808,345 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

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.