Commonwealth Retirement Investments LLC Sells 5,911 Shares of Kimberly-Clark Co. (NYSE:KMB)

Commonwealth Retirement Investments LLC lessened its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,135 shares of the company’s stock after selling 5,911 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in Kimberly-Clark were worth $1,953,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Rise Advisors LLC boosted its position in 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 purchasing an additional 176 shares during the period. New Millennium Group LLC bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $28,000. Crewe Advisors LLC acquired a new position in Kimberly-Clark in the 1st quarter valued at $27,000. Fortitude Family Office LLC raised its holdings in Kimberly-Clark by 333.3% in the 2nd quarter. Fortitude Family Office LLC now owns 325 shares of the company’s stock worth $45,000 after acquiring an additional 250 shares during the period. Finally, Northwest Financial Advisors bought a new position in Kimberly-Clark in the 4th quarter worth $40,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.7 %

Shares of NYSE:KMB opened at $146.99 on Friday. The company has a market capitalization of $49.49 billion, a PE ratio of 27.02, a P/E/G ratio of 3.07 and a beta of 0.39. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. The company’s fifty day moving average is $141.51 and its 200-day moving average is $134.51. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $149.30.

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

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a $1.22 dividend. The ex-dividend date is Friday, September 6th. This represents a $4.88 annualized dividend and a yield of 3.32%. Kimberly-Clark’s payout ratio is 89.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KMB shares. BNP Paribas started coverage on Kimberly-Clark in a research report on Monday, June 24th. They issued a “neutral” rating and a $146.00 price target on the stock. StockNews.com downgraded Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 30th. Piper Sandler increased their price objective on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Barclays dropped their target price on shares of Kimberly-Clark from $136.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $123.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.67.

Insiders Place Their Bets

In related news, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction dated 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the 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 transaction, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gonzalo Uribe sold 1,780 shares of Kimberly-Clark stock in a transaction on Monday, July 29th. The shares were sold at an average price of $140.84, for a total value of $250,695.20. Following the completion of the sale, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

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.