Stony Point Wealth Management Inc. Lowers Holdings in Kimberly Clark Corp (NYSE:KMB)

Stony Point Wealth Management Inc. decreased its position in Kimberly Clark Corp (NYSE:KMB) by 19.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,064 shares of the company’s stock after selling 745 shares during the period. Stony Point Wealth Management Inc.’s holdings in Kimberly Clark were worth $435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC purchased a new stake in shares of Kimberly Clark in the second quarter valued at approximately $25,000. HMS Capital Management LLC acquired a new position in shares of Kimberly Clark during the second quarter worth $28,000. SRS Capital Advisors Inc. acquired a new position in shares of Kimberly Clark during the second quarter worth $33,000. Phocas Financial Corp. acquired a new position in shares of Kimberly Clark during the second quarter worth $33,000. Finally, Manchester Financial Inc. acquired a new position in shares of Kimberly Clark during the second quarter worth $34,000. Hedge funds and other institutional investors own 71.93% of the company’s stock.

NYSE:KMB traded down $1.05 during mid-day trading on Tuesday, hitting $134.05. The company’s stock had a trading volume of 827,974 shares, compared to its average volume of 1,628,833. Kimberly Clark Corp has a 1 year low of $100.32 and a 1 year high of $143.50. The company has a debt-to-equity ratio of 134.02, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market cap of $46.49 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.77 and a beta of 0.55. The business’s fifty day moving average is $138.05 and its two-hundred day moving average is $133.52.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.64 by $0.03. Kimberly Clark had a net margin of 9.80% and a return on equity of 27,094.12%. The company had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.60 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Analysts anticipate that Kimberly Clark Corp will post 6.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.07%. The ex-dividend date was Thursday, September 5th. Kimberly Clark’s payout ratio is 62.33%.

In other news, SVP J. Scott Boston sold 4,834 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $136.26, for a total transaction of $658,680.84. Following the sale, the senior vice president now directly owns 11,901 shares of the company’s stock, valued at approximately $1,621,630.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey P. Melucci sold 26,839 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $141.17, for a total transaction of $3,788,861.63. Following the sale, the senior vice president now directly owns 17,304 shares in the company, valued at $2,442,805.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,584 shares of company stock worth $6,242,483. 0.85% of the stock is owned by corporate insiders.

Several equities analysts recently issued reports on KMB shares. Barclays raised Kimberly Clark from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $144.00 to $152.00 in a research report on Monday, September 23rd. Morgan Stanley upped their target price on Kimberly Clark from $147.00 to $149.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Wells Fargo & Co upped their target price on Kimberly Clark from $130.00 to $132.00 and gave the company a “market perform” rating in a research report on Tuesday. Bank of America raised Kimberly Clark from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Friday, September 27th. Finally, ValuEngine downgraded Kimberly Clark from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $136.92.

Kimberly Clark Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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