Delta Investment Management LLC Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Delta Investment Management LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,168 shares of the company’s stock after selling 154 shares during the period. Delta Investment Management LLC’s holdings in Kimberly-Clark were worth $300,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in shares of Kimberly-Clark by 6.2% in the fourth quarter. Parallel Advisors LLC now owns 6,456 shares of the company’s stock worth $785,000 after buying an additional 378 shares during the period. TD Asset Management Inc raised its stake in shares of Kimberly-Clark by 3.4% in the fourth quarter. TD Asset Management Inc now owns 440,530 shares of the company’s stock worth $53,529,000 after buying an additional 14,451 shares during the period. Focus Financial Network Inc. ADV bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $1,094,000. Treasurer of the State of North Carolina raised its stake in shares of Kimberly-Clark by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 158,581 shares of the company’s stock worth $19,269,000 after buying an additional 1,488 shares during the period. Finally, TFO Wealth Partners LLC raised its stake in shares of Kimberly-Clark by 99,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 992 shares of the company’s stock worth $122,000 after buying an additional 991 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KMB. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price objective on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, July 24th. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 30th. BNP Paribas started coverage on Kimberly-Clark in a research note on Monday, June 24th. They set a “neutral” rating and a $146.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $142.18 on Friday. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $149.30. The stock’s 50 day simple moving average is $142.22 and its two-hundred day simple moving average is $136.43. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.00 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 earnings per share (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 business had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. During the same quarter in the previous year, the company posted $1.65 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Insider Transactions at Kimberly-Clark

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