Proficio Capital Partners LLC Sells 153,846 Shares of Kimberly-Clark Co. (NYSE:KMB)

Proficio Capital Partners LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 99.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,436 shares of the company’s stock after selling 153,846 shares during the period. Proficio Capital Partners LLC’s holdings in Kimberly-Clark were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Pacific Financial purchased a new stake in Kimberly-Clark in the first quarter worth about $26,000. Minot DeBlois Advisors LLC acquired a new position in Kimberly-Clark in the 4th quarter worth approximately $29,000. Rossby Financial LCC acquired a new position in Kimberly-Clark in the 1st quarter worth approximately $37,000. Menard Financial Group LLC acquired a new position in Kimberly-Clark in the 4th quarter worth approximately $38,000. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Kimberly-Clark by 329.6% in the 1st quarter. Whipplewood Advisors LLC now owns 305 shares of the company’s stock valued at $47,000 after buying an additional 234 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider owned 3,997 shares in the company, valued at $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Royal Bank Of Canada reduced their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Barclays reduced their target price on Kimberly-Clark from $135.00 to $134.00 and set an “equal weight” rating for the company in a report on Tuesday, July 15th. Finally, Evercore ISI reduced their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $141.50.

Kimberly-Clark Stock Down 0.9%

NYSE:KMB opened at $127.73 on Thursday. The firm has a market capitalization of $42.38 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a twelve month low of $124.10 and a twelve month high of $150.45. The stock’s 50 day moving average price is $133.38 and its two-hundred day moving average price is $134.51. 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 (NYSE:KMB) last released its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period in the prior year, the firm posted $2.01 EPS. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Friday, June 6th were given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, June 6th. Kimberly-Clark’s payout ratio is currently 68.66%.

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.