Arlington Trust Co LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,223 shares of the company’s stock after selling 138 shares during the period. Arlington Trust Co LLC’s holdings in Kimberly-Clark were worth $160,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings 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 purchasing an additional 6,016 shares during the last quarter. Pensionfund Sabic boosted its holdings in Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC grew its position in Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the period. Vest Financial LLC increased its stake in Kimberly-Clark by 6.5% during the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 466 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, Barclays reduced their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.64.
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly 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 through this hyperlink. 0.62% of the stock is currently owned by company insiders.
Kimberly-Clark Stock Performance
Kimberly-Clark stock opened at $130.29 on Monday. 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 stock has a 50 day moving average of $130.22 and a 200-day moving average of $136.75. The stock has a market cap of $43.45 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.
Kimberly-Clark (NYSE:KMB – Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. On average, analysts expect that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.
Kimberly-Clark Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 64.64%.
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.
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