Alterity Financial Group LLC Sells 200 Shares of Kimberly-Clark Co. (NYSE:KMB)

Alterity Financial Group LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,240 shares of the company’s stock after selling 200 shares during the quarter. Alterity Financial Group LLC’s holdings in Kimberly-Clark were worth $515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chapin Davis Inc. grew its holdings in Kimberly-Clark by 2.9% during the 2nd quarter. Chapin Davis Inc. now owns 2,984 shares of the company’s stock valued at $412,000 after buying an additional 85 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Kimberly-Clark by 1.8% in the second quarter. Jaffetilchin Investment Partners LLC now owns 4,750 shares of the company’s stock valued at $656,000 after acquiring an additional 85 shares during the period. Arcus Capital Partners LLC grew its stake in Kimberly-Clark by 3.8% during the third quarter. Arcus Capital Partners LLC now owns 2,341 shares of the company’s stock valued at $283,000 after acquiring an additional 86 shares in the last quarter. Elevated Capital Advisors LLC lifted its stake in Kimberly-Clark by 0.9% in the 2nd quarter. Elevated Capital Advisors LLC now owns 9,818 shares of the company’s stock worth $1,355,000 after purchasing an additional 89 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,325 shares of the company’s stock valued at $764,000 after purchasing an additional 91 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Trading Up 1.6 %

NYSE:KMB opened at $129.33 on Friday. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The company’s 50-day simple moving average is $122.49 and its 200 day simple moving average is $121.99. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The firm has a market capitalization of $43.57 billion, a P/E ratio of 24.87, a PEG ratio of 4.00 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.54 earnings per share. As a group, analysts forecast that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.77%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date is Thursday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 93.85%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Bank of America cut Kimberly-Clark from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $135.00 to $115.00 in a report on Friday, December 15th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research report on Thursday. HSBC boosted their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $132.27.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction on Monday, January 29th. The stock was acquired at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at $100,050.46. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company’s stock.

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.