Carlton Hofferkamp & Jenks Wealth Management LLC Cuts Stake in Kimberly-Clark Co. (NYSE:KMB)

Carlton Hofferkamp & Jenks Wealth Management LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,909 shares of the company’s stock after selling 318 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Kimberly-Clark were worth $764,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC boosted its stake in shares of Kimberly-Clark by 37.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 35,345 shares of the company’s stock valued at $4,632,000 after purchasing an additional 9,711 shares in the last quarter. Mission Wealth Management LP purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $210,000. Silver Coast Investments LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $210,000. Fidelis Capital Partners LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $213,000. Finally, LGT Fund Management Co Ltd. purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $2,642,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.0 %

Shares of NYSE KMB opened at $143.48 on Tuesday. 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 12 month low of $122.98 and a 12 month high of $149.31. The firm has a market capitalization of $47.59 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41. The firm has a fifty day simple moving average of $131.55 and a two-hundred day simple moving average of $136.49.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 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%. Equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.51%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Analyst Ratings Changes

KMB has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company lowered 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 reiterated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is 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.