Ceeto Capital Group LLC Decreases Stake in Kimberly-Clark Co. (NYSE:KMB)

Ceeto Capital Group LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 38.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,000 shares of the company’s stock after selling 4,400 shares during the period. Ceeto Capital Group LLC’s holdings in Kimberly-Clark were worth $914,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KMB. Blackston Financial Advisory Group LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $215,000. Trueblood Wealth Management LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at approximately $385,000. Global Retirement Partners LLC grew its stake in Kimberly-Clark by 13.5% in the 4th quarter. Global Retirement Partners LLC now owns 7,856 shares of the company’s stock valued at $967,000 after buying an additional 933 shares in the last quarter. TFB Advisors LLC purchased a new position in Kimberly-Clark in the 4th quarter valued at approximately $219,000. Finally, Symphony Financial Ltd. Co. grew its stake in Kimberly-Clark by 23.3% in the 4th quarter. Symphony Financial Ltd. Co. now owns 3,097 shares of the company’s stock valued at $381,000 after buying an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In other news, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at $524,584.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Doug Cunningham sold 1,040 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total transaction of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at $524,584.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,462 shares of company stock valued at $7,206,653. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $139.00 to $142.00 and gave the company a “hold” rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Wells Fargo & Company reduced their price objective 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. BNP Paribas assumed coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $145.67.

Kimberly-Clark Trading Up 0.5 %

Kimberly-Clark stock traded up $0.74 during mid-day trading on Friday, hitting $141.81. The company’s stock had a trading volume of 2,064,513 shares, compared to its average volume of 2,201,267. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market cap of $47.76 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.03 and a beta of 0.37. The business has a 50 day moving average price of $137.81 and a 200-day moving average price of $130.28. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $145.62.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.71 by $0.25. The firm had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. As a group, analysts forecast that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio (DPR) 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.