Delta Capital Management LLC Sells 2,280 Shares of Kimberly-Clark Co. (NYSE:KMB)

Delta Capital Management LLC reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 21.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,350 shares of the company's stock after selling 2,280 shares during the quarter. Delta Capital Management LLC's holdings in Kimberly-Clark were worth $1,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new position in Kimberly-Clark during the 2nd quarter valued at about $731,000. Brighton Jones LLC grew its stake in Kimberly-Clark by 16.4% during the second quarter. Brighton Jones LLC now owns 6,515 shares of the company's stock valued at $900,000 after acquiring an additional 917 shares in the last quarter. Ieq Capital LLC increased its holdings in Kimberly-Clark by 23.6% during the 2nd quarter. Ieq Capital LLC now owns 19,212 shares of the company's stock worth $2,655,000 after acquiring an additional 3,669 shares during the period. Thrivent Financial for Lutherans lifted its stake in Kimberly-Clark by 4.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company's stock worth $4,010,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its holdings in Kimberly-Clark by 12.8% in the 2nd quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company's stock valued at $827,000 after purchasing an additional 673 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Trading Up 0.5 %

NYSE KMB traded up $0.68 during trading on Monday, hitting $127.33. 2,056,622 shares of the company's stock traded hands, compared to its average volume of 1,808,543. The stock has a fifty day moving average of $132.41 and a two-hundred day moving average of $137.98. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The firm has a market cap of $42.46 billion, a P/E ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period last year, the company earned $1.74 EPS. Kimberly-Clark's revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark's payout ratio is 63.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. Piper Sandler lowered their price objective on Kimberly-Clark from $175.00 to $161.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Barclays lowered their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $143.71.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value 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 trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

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.