Shayne & Jacobs LLC Sells 437 Shares of Kimberly-Clark Co. (NYSE:KMB)

Shayne & Jacobs LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,423 shares of the company’s stock after selling 437 shares during the period. Shayne & Jacobs LLC’s holdings in Kimberly-Clark were worth $1,235,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the third quarter worth about $29,000. Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter worth about $33,000. Finally, Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at $32,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.9 %

Shares of KMB stock opened at $141.33 on Wednesday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a one year low of $120.49 and a one year high of $149.30. The company’s fifty day moving average price is $130.74 and its 200-day moving average price is $136.45. The company has a market capitalization of $46.88 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.57%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were 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 in the company, valued at $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMB. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Barclays decreased their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Piper Sandler reaffirmed 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. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Citigroup dropped their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark 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.