Seed Wealth Management Inc. Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Seed Wealth Management Inc. cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,752 shares of the company’s stock after selling 95 shares during the period. Seed Wealth Management Inc.’s holdings in Kimberly-Clark were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of KMB. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Kimberly-Clark by 1.7% in the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock worth $623,000 after acquiring an additional 82 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Kimberly-Clark by 2.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $456,000 after buying an additional 84 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,745 shares of the company’s stock valued at $212,000 after buying an additional 88 shares during the period. Emerald Advisors LLC lifted its stake in Kimberly-Clark by 4.7% during the 4th quarter. Emerald Advisors LLC now owns 2,016 shares of the company’s stock worth $245,000 after acquiring an additional 90 shares in the last quarter. Finally, Security National Bank of SO Dak boosted its holdings in Kimberly-Clark by 1.2% during the 4th quarter. Security National Bank of SO Dak now owns 7,770 shares of the company’s stock valued at $944,000 after acquiring an additional 90 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now directly owns 795 shares in the company, valued at $109,050.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 0.1 %

KMB traded up $0.20 on Thursday, reaching $139.37. 1,421,929 shares of the company’s stock were exchanged, compared to its average volume of 2,145,287. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $142.20. The company’s 50 day moving average is $135.35 and its 200-day moving average is $127.29. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. The company has a market cap of $46.93 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 3.12 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. Equities analysts predict that Kimberly-Clark Co. will post 7.06 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is 89.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KMB. Bank of America raised shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research note on Monday. They set a “neutral” rating and a $146.00 price objective on the stock. Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Tuesday, June 18th. Finally, Barclays lifted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.64.

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.