Lumature Wealth Partners LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Posted by Defense World Staff on Jun 13th, 2023

Lumature Wealth Partners LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,955 shares of the company’s stock after selling 87 shares during the period. Lumature Wealth Partners LLC’s holdings in Kimberly-Clark were worth $265,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Cetera Advisor Networks LLC lifted its holdings in shares of Kimberly-Clark by 19.2% during the 4th quarter. Cetera Advisor Networks LLC now owns 93,347 shares of the company’s stock worth $12,672,000 after acquiring an additional 15,027 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Kimberly-Clark by 57.7% during the 4th quarter. Cetera Investment Advisers now owns 52,731 shares of the company’s stock worth $7,158,000 after acquiring an additional 19,301 shares during the period. Cetera Advisors LLC lifted its holdings in shares of Kimberly-Clark by 19.2% during the 4th quarter. Cetera Advisors LLC now owns 13,089 shares of the company’s stock worth $1,777,000 after acquiring an additional 2,107 shares during the period. Amundi increased its position in Kimberly-Clark by 18.8% during the 4th quarter. Amundi now owns 1,715,551 shares of the company’s stock worth $233,847,000 after purchasing an additional 271,117 shares in the last quarter. Finally, Cary Street Partners Asset Management LLC increased its position in Kimberly-Clark by 5.2% during the 4th quarter. Cary Street Partners Asset Management LLC now owns 12,549 shares of the company’s stock worth $1,703,000 after purchasing an additional 621 shares in the last quarter. 74.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Kimberly-Clark from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, April 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kimberly-Clark from $123.00 to $133.00 in a research report on Wednesday, April 26th. Citigroup initiated coverage on shares of Kimberly-Clark in a research report on Thursday, February 16th. They issued a “sell” rating and a $120.00 price objective for the company. StockNews.com initiated coverage on shares of Kimberly-Clark in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada increased their price objective on shares of Kimberly-Clark from $118.00 to $125.00 in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $134.45.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Doug Cunningham sold 1,504 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $145.48, for a total value of $218,801.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kimberly-Clark news, insider Doug Cunningham sold 1,504 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $145.48, for a total value of $218,801.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Andrew Drexler sold 7,970 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $145.12, for a total value of $1,156,606.40. Following the transaction, the vice president now directly owns 4,889 shares in the company, valued at $709,491.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,416 shares of company stock worth $8,580,971. 0.67% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of KMB opened at $134.72 on Tuesday. The business’s fifty day moving average price is $139.80 and its 200 day moving average price is $134.70. Kimberly-Clark Co. has a 12-month low of $108.74 and a 12-month high of $147.87. The stock has a market capitalization of $45.45 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 3.09 and a beta of 0.41. The company has a debt-to-equity ratio of 9.23, a current ratio of 0.82 and a quick ratio of 0.51.

Kimberly-Clark (NYSE:KMB – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.35. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 279.42% and a net margin of 9.75%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. Equities research analysts forecast that Kimberly-Clark Co. will post 6.19 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 9th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, June 8th. Kimberly-Clark’s payout ratio is 80.82%.

Kimberly-Clark Profile

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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.