Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 91.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,381 shares of the company’s stock after selling 49,569 shares during the period. Mirabella Financial Services LLP’s holdings in Kimberly-Clark were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Kimberly-Clark during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth $25,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $32,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $33,000. Finally, Roxbury Financial LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KMB shares. Barclays raised their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Thursday. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. raised their price target on Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $146.31.

Kimberly-Clark Trading Up 2.1 %

Shares of NYSE KMB opened at $142.68 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a market cap of $47.32 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.46 and a beta of 0.37. The business has a fifty day simple moving average of $139.52 and a 200-day simple moving average of $135.68.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Kimberly-Clark Company 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.