Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Cut by Zullo Investment Group Inc.

Zullo Investment Group Inc. cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,179 shares of the company’s stock after selling 150 shares during the quarter. Zullo Investment Group Inc.’s holdings in Kimberly-Clark were worth $417,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning lifted its holdings in Kimberly-Clark by 1.3% in the 3rd quarter. Creative Planning now owns 75,147 shares of the company’s stock valued at $10,692,000 after acquiring an additional 943 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Kimberly-Clark by 7.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,643 shares of the company’s stock worth $1,087,000 after purchasing an additional 520 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Kimberly-Clark by 7.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 49,232 shares of the company’s stock worth $7,005,000 after purchasing an additional 3,548 shares in the last quarter. My Legacy Advisors LLC lifted its stake in Kimberly-Clark by 4.6% during the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the last quarter. Finally, Eastern Bank boosted its holdings in Kimberly-Clark by 230.0% during the third quarter. Eastern Bank now owns 10,640 shares of the company’s stock worth $1,514,000 after buying an additional 7,416 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 1.6 %

KMB stock opened at $137.85 on Thursday. The company has a 50 day moving average of $129.89 and a two-hundred day moving average of $136.45. 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 Co. has a 12-month low of $118.62 and a 12-month high of $149.30. The company has a market cap of $45.72 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 4.25 and a beta of 0.41.

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 return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.51 earnings per share 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. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.66%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

Analyst Ratings Changes

Several research firms have issued reports on KMB. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

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.