Leisure Capital Management Sells 321 Shares of Kimberly-Clark Co. (NYSE:KMB)

Leisure Capital Management decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 13.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,112 shares of the company’s stock after selling 321 shares during the period. Leisure Capital Management’s holdings in Kimberly-Clark were worth $277,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at about $29,000. DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the last quarter. Synergy Asset Management LLC purchased a new position in Kimberly-Clark in the 4th quarter worth approximately $35,000. Kennebec Savings Bank purchased a new stake in shares of Kimberly-Clark during the third quarter valued at approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth $39,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays reduced 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, TD Cowen cut 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $129.93 on Monday. The company has a 50 day moving average of $131.20 and a 200 day moving average of $137.15. 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 twelve month low of $117.67 and a twelve month high of $149.30. The firm has a market cap of $43.33 billion, a P/E ratio of 17.21, a PEG ratio of 4.16 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, research analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.88%. Kimberly-Clark’s payout ratio is currently 64.64%.

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.