Delta Capital Management LLC Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Delta Capital Management LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the company’s stock after selling 150 shares during the quarter. Delta Capital Management LLC’s holdings in Kimberly-Clark were worth $1,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KMB. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at about $25,000. Minot DeBlois Advisors LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Finally, Sierra Ocean LLC purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $34,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $133.89 on Friday. The firm has a market cap of $44.43 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a 50-day simple moving average of $136.75 and a 200-day simple moving average of $135.33.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the business posted $2.01 earnings per share. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.76%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. Barclays lowered their target price on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. UBS Group lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Piper Sandler decreased their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $145.08.

About Kimberly-Clark

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.