Wendell David Associates Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,575 shares of the company’s stock after selling 150 shares during the quarter. Wendell David Associates Inc.’s holdings in Kimberly-Clark were worth $206,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its position in shares of Kimberly-Clark by 4.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock worth $4,010,000 after buying an additional 1,155 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in Kimberly-Clark by 12,203.4% in the second quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock worth $493,000 after purchasing an additional 3,539 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 30.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock valued at $346,000 after purchasing an additional 594 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Kimberly-Clark by 72.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after buying an additional 5,434 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in Kimberly-Clark by 11.9% during the second quarter. Evergreen Capital Management LLC now owns 4,741 shares of the company’s stock worth $661,000 after buying an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
KMB stock opened at $126.12 on Thursday. 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 firm has a market cap of $42.06 billion, a P/E ratio of 16.36, a P/E/G ratio of 3.54 and a beta of 0.41. The firm’s fifty day moving average is $132.17 and its 200 day moving average is $137.83. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.
Kimberly-Clark Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is 63.29%.
Wall Street Analyst Weigh In
KMB has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Wells Fargo & Company cut 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 report on Tuesday, January 7th. Piper Sandler lowered their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.71.
Check Out Our Latest Report on KMB
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’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 transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.
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.
Further Reading
- Five stocks we like better than Kimberly-Clark
- Trading Halts Explained
- 2 ETFs to Maximize Gains With Covered Call Strategies
- How to Find Undervalued Stocks
- 3 Small-Cap Stocks Insiders and Institutions Are Buying
- Short Selling – The Pros and Cons
- MaxCyte: Building the Future of Cell and Gene Therapy Innovation
Receive News & Ratings for Kimberly-Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly-Clark and related companies with MarketBeat.com's FREE daily email newsletter.