Raleigh Capital Management Inc. Trims Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Raleigh Capital Management Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 18.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,532 shares of the company’s stock after selling 569 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Kimberly-Clark were worth $332,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KMB. William B. Walkup & Associates Inc. purchased a new stake in Kimberly-Clark during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark in the third quarter worth $29,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the period. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark in the third quarter valued at $36,000. Finally, ORG Wealth Partners LLC purchased a new position in Kimberly-Clark in the third quarter valued at $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMB. Deutsche Bank Aktiengesellschaft upped their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Barclays decreased their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Piper Sandler dropped their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.71.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $127.13 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company’s 50-day moving average price is $132.05 and its 200 day moving average price is $137.75. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $42.39 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 3.54 and a beta of 0.41.

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

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 payout ratio is currently 63.29%.

Kimberly-Clark 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.