Cannell & Spears LLC Sells 6,762 Shares of Kimberly-Clark Corporation $KMB

Cannell & Spears LLC decreased its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 19.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,916 shares of the company’s stock after selling 6,762 shares during the quarter. Cannell & Spears LLC’s holdings in Kimberly-Clark were worth $2,692,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Greatmark Investment Partners Inc. boosted its stake in shares of Kimberly-Clark by 2.9% during the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Kimberly-Clark by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares during the last quarter. New Mexico Educational Retirement Board increased its position in shares of Kimberly-Clark by 0.7% in the fourth quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Kimberly-Clark by 18.3% during the first quarter. AdvisorNet Financial Inc now owns 665 shares of the company’s stock worth $64,000 after acquiring an additional 103 shares in the last quarter. Finally, Core Wealth Partners LLC raised its holdings in Kimberly-Clark by 2.6% during the fourth quarter. Core Wealth Partners LLC now owns 4,352 shares of the company’s stock worth $439,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Up 2.2%

Kimberly-Clark stock opened at $109.70 on Friday. The stock has a 50-day simple moving average of $104.38 and a 200 day simple moving average of $101.99. The stock has a market capitalization of $36.41 billion, a P/E ratio of 17.22, a PEG ratio of 4.92 and a beta of 0.26. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts expect that Kimberly-Clark Corporation will post 7.47 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th were given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock worth $689,687 over the last three months. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Piper Sandler raised their price target on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, Barclays boosted their target price on shares of Kimberly-Clark from $101.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $117.93.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.