SeaBridge Investment Advisors LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,383 shares of the company’s stock after selling 1,166 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Kimberly-Clark were worth $836,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KMB. Park Avenue Securities LLC raised its position in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the period. Pensionfund Sabic increased its position in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after purchasing an additional 4,000 shares during the last quarter. Barclays PLC raised its stake in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Vest Financial LLC lifted its position in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its stake in Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.
Kimberly-Clark Trading Down 0.7 %
Shares of KMB stock opened at $129.93 on Friday. The firm’s 50 day moving average is $131.20 and its 200 day moving average is $137.23. The stock has a market capitalization of $43.33 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.90 and a beta of 0.41. The company has a current ratio of 0.80, a quick ratio of 0.55 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30.
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 given a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.88%. This is an increase 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%.
Insider Transactions at Kimberly-Clark
In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Citigroup cut their target price 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. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $143.64.
View Our Latest Report on Kimberly-Clark
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.
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