Everett Harris & Co. CA Sells 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Everett Harris & Co. CA lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,540 shares of the company’s stock after selling 150 shares during the quarter. Everett Harris & Co. CA’s holdings in Kimberly-Clark were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMB. Park Avenue Securities LLC raised its position in shares of Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after buying an additional 6,016 shares in the last quarter. Pensionfund Sabic increased its stake in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC lifted its position in shares of Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after buying an additional 273,813 shares during the last quarter. Vest Financial LLC boosted its stake in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after buying an additional 21,339 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its stake in Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after acquiring an additional 466 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 0.7 %

Shares of Kimberly-Clark stock opened at $129.93 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 7.05. The stock has a fifty day simple moving average of $131.37 and a 200 day simple moving average of $137.31. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a market capitalization of $43.33 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.52 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 yield of 3.88%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 64.64%.

Analysts Set New Price Targets

Several equities analysts recently commented on KMB shares. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.