Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,498 shares of the company’s stock after selling 1,026 shares during the period. Wealthspire Advisors LLC’s holdings in Kimberly-Clark were worth $720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $29,000. Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter worth approximately $33,000. Finally, Golden State Wealth Management LLC purchased a new position in Kimberly-Clark during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB stock opened at $141.33 on Wednesday. The firm has a 50 day moving average of $130.74 and a two-hundred day moving average of $136.45. Kimberly-Clark Co. has a 12 month low of $120.49 and a 12 month high of $149.30. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 4.46 and a beta of 0.41. 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 issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. As a group, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed 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 a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.57%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Barclays lowered their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.64.

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.