New England Research & Management Inc. Sells 2,700 Shares of Kimberly-Clark Co. (NYSE:KMB)

New England Research & Management Inc. reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,354 shares of the company’s stock after selling 2,700 shares during the period. Kimberly-Clark makes up approximately 1.2% of New England Research & Management Inc.’s investment portfolio, making the stock its 22nd biggest position. New England Research & Management Inc.’s holdings in Kimberly-Clark were worth $2,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC increased its holdings in shares of Kimberly-Clark by 926.3% during the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after buying an additional 176 shares in the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the second quarter worth about $26,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark in the first quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at approximately $28,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark during the 2nd quarter worth approximately $32,000. 76.29% of the stock is currently owned by institutional investors.

Insider Transactions at Kimberly-Clark

In other news, insider Gonzalo Uribe sold 1,780 shares of the company’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 completion of the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Gonzalo Uribe sold 1,780 shares of the company’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 transaction, the insider now owns 7,377 shares in the company, valued at approximately $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’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 completion of the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and increased their price target for the company from $115.00 to $160.00 in a research note on Thursday, June 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. TD Cowen initiated coverage on shares of Kimberly-Clark in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $161.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.67.

Kimberly-Clark Stock Down 0.1 %

Shares of KMB traded down $0.11 during trading hours on Monday, reaching $140.78. The stock had a trading volume of 1,942,062 shares, compared to its average volume of 2,117,008. The company has a market capitalization of $47.40 billion, a price-to-earnings ratio of 25.88, a P/E/G ratio of 3.00 and a beta of 0.39. The firm has a 50-day simple moving average of $142.24 and a 200 day simple moving average of $137.30. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 5.59. Kimberly-Clark Co. has a 12 month low of $116.63 and a 12 month high of $149.30.

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

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, September 6th. Kimberly-Clark’s dividend payout ratio is 89.71%.

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.