Prosperity Consulting Group LLC Sells 11,360 Shares of Kimberly-Clark Corporation $KMB

Prosperity Consulting Group LLC reduced its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 55.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,046 shares of the company’s stock after selling 11,360 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Kimberly-Clark were worth $873,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark in the 2nd quarter worth approximately $27,000. CrossGen Wealth LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. boosted its stake in shares of Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $100.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. UBS Group raised their price target on shares of Kimberly-Clark from $106.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America decreased their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Piper Sandler upped their price objective on shares of Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Finally, Barclays dropped their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $116.79.

Kimberly-Clark Trading Down 0.6%

Shares of NASDAQ KMB opened at $108.35 on Friday. 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. The firm has a 50-day moving average of $103.19 and a 200 day moving average of $101.74. The stock has a market cap of $35.97 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The business had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.93 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th were given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

About Kimberly-Clark

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.