Profit Investment Management LLC Sells 214 Shares of Kimberly-Clark Co. (NYSE:KMB)

Profit Investment Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,146 shares of the company’s stock after selling 214 shares during the quarter. Profit Investment Management LLC’s holdings in Kimberly-Clark were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. acquired a new position in Kimberly-Clark during the second quarter worth $26,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the 3rd quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in Kimberly-Clark during the 3rd quarter worth $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday. UBS Group lowered their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $144.57.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Up 0.9 %

KMB stock opened at $126.66 on Friday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a 50-day simple moving average of $132.64 and a two-hundred day simple moving average of $138.13. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a market capitalization of $42.24 billion, a PE ratio of 16.43, a PEG ratio of 2.69 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the firm posted $1.74 EPS. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts predict that Kimberly-Clark Co. will post 7.31 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

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.