Kimberly-Clark Co. (NYSE:KMB) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,394 shares of the company’s stock after selling 326 shares during the period. SevenBridge Financial Group LLC’s holdings in Kimberly-Clark were worth $1,518,000 as of its most recent filing with the SEC.

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

Kimberly-Clark Stock Up 0.6 %

Kimberly-Clark stock opened at $143.13 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45. The firm’s fifty day simple moving average is $136.76 and its 200-day simple moving average is $135.92. The company has a market capitalization of $47.47 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.46 and a beta of 0.36.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.52%. 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. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of several research analyst reports. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Barclays upped their price target on Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, UBS Group upped their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.85.

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.