Everence Capital Management Inc. Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Everence Capital Management Inc. trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 30.6% in the 3rd quarter, Holdings Channel reports. The fund owned 8,810 shares of the company’s stock after selling 3,890 shares during the quarter. Everence Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in Kimberly-Clark by 13.7% in the first quarter. Park Avenue Securities LLC now owns 7,274 shares of the company’s stock worth $941,000 after acquiring an additional 878 shares in the last quarter. International Assets Investment Management LLC increased its stake in Kimberly-Clark by 14.1% during the 1st quarter. International Assets Investment Management LLC now owns 2,318 shares of the company’s stock valued at $299,000 after purchasing an additional 286 shares in the last quarter. Southland Equity Partners LLC raised its holdings in Kimberly-Clark by 13.3% in the first quarter. Southland Equity Partners LLC now owns 2,465 shares of the company’s stock worth $319,000 after buying an additional 290 shares during the last quarter. Strong Tower Advisory Services lifted its stake in shares of Kimberly-Clark by 18.2% in the first quarter. Strong Tower Advisory Services now owns 7,209 shares of the company’s stock worth $928,000 after buying an additional 1,109 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Kimberly-Clark during the first quarter valued at approximately $69,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of several recent analyst reports. Argus upgraded Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Piper Sandler raised their price target on shares of Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. BNP Paribas assumed coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They set a “neutral” rating and a $146.00 price objective for the company. StockNews.com downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $149.14.

Kimberly-Clark Price Performance

KMB stock traded down $0.68 during trading on Monday, reaching $144.73. The company’s stock had a trading volume of 943,437 shares, compared to its average volume of 2,101,408. The company’s fifty day moving average is $143.15 and its 200-day moving average is $138.46. Kimberly-Clark Co. has a 1 year low of $116.63 and a 1 year high of $149.30. The company has a market capitalization of $48.73 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.65 EPS. On average, research analysts expect that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the transaction, the insider now owns 7,377 shares in the company, valued at $1,038,976.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Jeffrey P. Melucci sold 37,699 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gonzalo Uribe sold 1,780 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total value of $250,695.20. Following the sale, the insider now directly owns 7,377 shares in the company, valued at $1,038,976.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.