Mattern Wealth Management LLC Sells 1,350 Shares of Kimberly-Clark Co. (NYSE:KMB)

Mattern Wealth Management LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,580 shares of the company’s stock after selling 1,350 shares during the quarter. Mattern Wealth Management LLC’s holdings in Kimberly-Clark were worth $338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Sarasin & Partners LLP grew its position in Kimberly-Clark by 140.1% during the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after buying an additional 576,610 shares during the period. Assenagon Asset Management S.A. increased its holdings in Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock valued at $77,284,000 after buying an additional 551,158 shares during the last quarter. Nordea Investment Management AB raised its position in Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after acquiring an additional 464,615 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its stake in shares of Kimberly-Clark by 140.0% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock worth $94,278,000 after acquiring an additional 386,510 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMB. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their target price 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. Piper Sandler lowered their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $143.71.

Insider Activity at Kimberly-Clark

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

Kimberly-Clark Trading Up 2.2 %

Shares of KMB opened at $131.27 on Tuesday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The company’s fifty day moving average is $131.85 and its 200 day moving average is $137.56. The stock has a market capitalization of $43.77 billion, a PE ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.84%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

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.