Thoroughbred Financial Services LLC Has $819,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Thoroughbred Financial Services LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,253 shares of the company’s stock after selling 269 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Kimberly-Clark were worth $819,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Kimberly-Clark by 8.1% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,440 shares of the company’s stock worth $190,000 after buying an additional 108 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Kimberly-Clark during the 4th quarter valued at $26,163,000. Arete Wealth Advisors LLC raised its position in Kimberly-Clark by 84.7% in the 4th quarter. Arete Wealth Advisors LLC now owns 4,923 shares of the company’s stock valued at $644,000 after purchasing an additional 2,257 shares during the last quarter. World Investment Advisors boosted its stake in Kimberly-Clark by 21.1% in the fourth quarter. World Investment Advisors now owns 5,958 shares of the company’s stock worth $781,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Westpac Banking Corp grew its holdings in shares of Kimberly-Clark by 8.2% during the fourth quarter. Westpac Banking Corp now owns 35,208 shares of the company’s stock worth $4,614,000 after purchasing an additional 2,675 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Finally, UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $144.85.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Down 5.1 %

NYSE KMB opened at $137.76 on Friday. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week 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’s 50 day moving average price is $137.64 and its two-hundred day moving average price is $135.95. The stock has a market capitalization of $45.69 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Kimberly-Clark Company 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.