Marco Investment Management LLC Sells 300 Shares of Kimberly-Clark Co. (NYSE:KMB)

Marco Investment Management LLC reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 13,215 shares of the company’s stock after selling 300 shares during the quarter. Marco Investment Management LLC’s holdings in Kimberly-Clark were worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. William B. Walkup & Associates Inc. purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth $26,000. New Millennium Group LLC purchased a new position in Kimberly-Clark in the second quarter worth about $28,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the third quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark during the second quarter valued at approximately $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. Barclays boosted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. StockNews.com lowered shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 23rd. UBS Group reduced their price objective on shares of Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $149.93.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Trading Up 1.0 %

KMB opened at $138.42 on Friday. 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 stock’s fifty day moving average is $138.72 and its two-hundred day moving average is $139.15. The company has a market capitalization of $46.16 billion, a P/E ratio of 17.95, a PEG ratio of 2.88 and a beta of 0.40. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. During the same period in the previous year, the company posted $1.74 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.53%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

About Kimberly-Clark

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.