Boston Financial Mangement LLC Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Boston Financial Mangement LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,795 shares of the company’s stock after selling 500 shares during the period. Boston Financial Mangement LLC’s holdings in Kimberly-Clark were worth $628,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock valued at $1,431,443,000 after purchasing an additional 358,926 shares during the period. Geode Capital Management LLC raised its stake in shares of Kimberly-Clark by 2.8% during the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock valued at $1,092,388,000 after purchasing an additional 206,671 shares during the period. Nordea Investment Management AB raised its stake in shares of Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after purchasing an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kimberly-Clark by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after purchasing an additional 20,953 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $138.85 on Friday. The company has a market cap of $46.05 billion, a PE ratio of 18.39, a P/E/G ratio of 4.34 and a beta of 0.41. The company has a fifty day moving average price of $130.03 and a two-hundred day moving average price of $136.46. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 12 month low of $118.62 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.63%. Kimberly-Clark’s payout ratio is 66.75%.

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.