IVC Wealth Advisors LLC Sells 530 Shares of Kimberly-Clark Co. (NYSE:KMB)

IVC Wealth Advisors LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 7.4% during the fourth quarter, HoldingsChannel reports. The fund owned 6,654 shares of the company’s stock after selling 530 shares during the period. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $872,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the second quarter valued at approximately $26,000. Darwin Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth $29,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Kimberly-Clark during the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the third quarter valued at $39,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 0.8 %

KMB stock opened at $127.13 on Friday. The firm has a market cap of $42.39 billion, a PE ratio of 16.49, a PEG ratio of 3.54 and a beta of 0.41. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The firm’s 50 day moving average price is $132.05 and its 200-day moving average price is $137.75. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the prior year, the business earned $1.74 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were paid a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.84%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMB shares. JPMorgan Chase & Co. lowered their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. UBS Group cut their price objective on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Citigroup lowered their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $143.71.

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.