L2 Asset Management LLC Sells 7,138 Shares of Kimberly-Clark Corporation $KMB

L2 Asset Management LLC lowered its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 47.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,922 shares of the company’s stock after selling 7,138 shares during the period. L2 Asset Management LLC’s holdings in Kimberly-Clark were worth $799,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark in the 4th quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. raised its position in shares of Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $31,000. Institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research report on Monday, March 30th. UBS Group boosted their target price on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $114.93.

Insider Buying and Selling

In related news, insider Katy Chen sold 1,596 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Price Performance

KMB stock opened at $104.28 on Wednesday. The company has a 50 day simple moving average of $98.09 and a 200 day simple moving average of $100.88. The stock has a market cap of $34.61 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 4.63 and a beta of 0.28. Kimberly-Clark Corporation has a 1 year low of $92.42 and a 1 year high of $137.46. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 EPS. Research analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.