Telos Capital Management Inc. Sells 350 Shares of Kimberly-Clark Co. (NYSE:KMB)

Telos Capital Management Inc. lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.9% during the third quarter, Holdings Channel.com reports. The firm owned 4,715 shares of the company’s stock after selling 350 shares during the quarter. Telos Capital Management Inc.’s holdings in Kimberly-Clark were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. William B. Walkup & Associates Inc. bought a new position in shares of Kimberly-Clark during the second quarter worth approximately $26,000. New Millennium Group LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $28,000. Crewe Advisors LLC acquired a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. increased its holdings in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 37,699 shares of Kimberly-Clark stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 19,935 shares in the company, valued at approximately $2,819,207.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Gonzalo Uribe sold 1,780 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $140.84, for a total transaction of $250,695.20. Following the transaction, the insider now directly owns 7,377 shares of the company’s stock, valued at $1,038,976.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the insider now owns 19,935 shares in the company, valued at approximately $2,819,207.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on KMB. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Piper Sandler boosted their price target on Kimberly-Clark from $167.00 to $174.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Argus upgraded shares of Kimberly-Clark to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $137.00 to $142.00 and gave the stock an “underweight” rating in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $149.14.

Kimberly-Clark Trading Down 0.8 %

NYSE KMB opened at $144.30 on Tuesday. Kimberly-Clark Co. has a twelve month low of $116.63 and a twelve month high of $149.30. The business’s fifty day moving average is $143.27 and its 200 day moving average is $138.59. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 5.59. The company has a market cap of $48.59 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.39.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results 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. The company had revenue of $5.03 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Kimberly-Clark had a return on equity of 223.55% and a net margin of 11.28%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.65 earnings per share. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.25 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 6th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, September 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

About Kimberly-Clark

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.