Marcum Wealth LLC Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Marcum Wealth LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,217 shares of the company’s stock after selling 154 shares during the quarter. Marcum Wealth LLC’s holdings in Kimberly-Clark were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KMB. Venturi Wealth Management LLC raised its stake in shares of Kimberly-Clark by 31.1% in the 4th quarter. Venturi Wealth Management LLC now owns 556 shares of the company’s stock worth $68,000 after buying an additional 132 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Kimberly-Clark by 3.7% during the 4th quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,012 shares of the company’s stock worth $609,000 after acquiring an additional 181 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Kimberly-Clark by 14,621.4% during the 4th quarter. International Assets Investment Management LLC now owns 246,878 shares of the company’s stock worth $29,998,000 after acquiring an additional 245,201 shares in the last quarter. Arvest Trust Co. N A bought a new stake in Kimberly-Clark during the 4th quarter valued at approximately $285,000. Finally, Venture Visionary Partners LLC boosted its stake in Kimberly-Clark by 2.2% during the 4th quarter. Venture Visionary Partners LLC now owns 5,202 shares of the company’s stock valued at $632,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total value of $5,331,392.58. Following the completion of the transaction, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now owns 19,935 shares of the company’s stock, valued at $2,819,207.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Doug Cunningham sold 3,833 shares of Kimberly-Clark stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,312 shares of company stock worth $6,106,519. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of recent research reports. Argus raised Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Piper Sandler lifted their target price on Kimberly-Clark from $167.00 to $174.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. HSBC lifted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, April 24th. Barclays lowered their target price on 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, Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $145.67.

Kimberly-Clark Stock Down 1.8 %

Shares of NYSE:KMB traded down $2.49 during trading hours on Monday, hitting $137.61. The company’s stock had a trading volume of 2,547,158 shares, compared to its average volume of 2,197,193. The company has a debt-to-equity ratio of 5.59, a current ratio of 0.85 and a quick ratio of 0.58. The company has a market capitalization of $46.35 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.95 and a beta of 0.37. The firm’s fifty day moving average price is $138.33 and its 200 day moving average price is $130.79. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.62.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.25. The firm had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. As a group, research analysts expect that Kimberly-Clark Co. will post 7.21 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s payout ratio is currently 89.71%.

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.