Andrew Drexler Sells 10,838 Shares of Kimberly-Clark Co. (NYSE:KMB) Stock

Kimberly-Clark Co. (NYSE:KMB) VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Andrew Drexler also recently made the following trade(s):

• On Friday, February 21st, Andrew Drexler sold 2,500 shares of Kimberly-Clark stock. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded down $1.12 during trading on Tuesday, reaching $142.23. The company had a trading volume of 1,412,513 shares, compared to its average volume of 2,040,919. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm’s 50-day simple moving average is $131.55 and its 200 day simple moving average is $136.49. The firm has a market capitalization of $47.18 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $122.98 and a 52 week high of $149.31.

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 forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.54%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KMB shares. Piper Sandler reissued an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. 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 report on Thursday, January 16th. UBS Group boosted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.64.

Hedge Funds Weigh In On Kimberly-Clark

Several hedge funds have recently modified their holdings of the stock. Gladstone Institutional Advisory LLC boosted its holdings in shares of Kimberly-Clark by 31.0% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 3,291 shares of the company’s stock valued at $468,000 after purchasing an additional 779 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Kimberly-Clark by 26.4% during the third quarter. Farther Finance Advisors LLC now owns 8,311 shares of the company’s stock valued at $1,182,000 after buying an additional 1,735 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in Kimberly-Clark by 2.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,585 shares of the company’s stock valued at $764,000 after buying an additional 151 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Kimberly-Clark by 2.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 278,230 shares of the company’s stock valued at $39,587,000 after buying an additional 5,906 shares in the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in Kimberly-Clark in the 3rd quarter worth approximately $221,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

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.