Raleigh Capital Management Inc. Sells 569 Shares of Kimberly-Clark Co. (NYSE:KMB)

Raleigh Capital Management Inc. reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 18.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position in Kimberly-Clark by 4.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock worth $4,010,000 after purchasing an additional 1,155 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Kimberly-Clark by 72.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after buying an additional 5,434 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Kimberly-Clark by 11.9% in the second quarter. Evergreen Capital Management LLC now owns 4,741 shares of the company’s stock worth $661,000 after acquiring an additional 506 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Kimberly-Clark by 59.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 64,527 shares of the company’s stock valued at $8,918,000 after acquiring an additional 24,179 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in Kimberly-Clark by 31.9% in the second quarter. Insigneo Advisory Services LLC now owns 2,887 shares of the company’s stock valued at $397,000 after acquiring an additional 698 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

NYSE KMB opened at $127.13 on Friday. The firm has a market capitalization of $42.39 billion, a P/E ratio of 16.49, a PEG ratio of 3.54 and a beta of 0.41. The stock has a 50-day simple moving average of $132.05 and a two-hundred day simple moving average of $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 Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly 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. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.32 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.84%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Wall Street Analysts Forecast Growth

KMB has been the topic of a number of research reports. UBS Group dropped their price objective on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target 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. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Barclays decreased their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.71.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on 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 owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.