Patten & Patten Inc. TN Sells 205 Shares of Kimberly-Clark Co. (NYSE:KMB)

Patten & Patten Inc. TN decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,010 shares of the company’s stock after selling 205 shares during the quarter. Patten & Patten Inc. TN’s holdings in Kimberly-Clark were worth $1,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KMB. State Street Corp raised its position in Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Kimberly-Clark during the fourth quarter worth $127,436,000. Sarasin & Partners LLP raised its position in shares of Kimberly-Clark by 140.1% during the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock worth $129,506,000 after acquiring an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after acquiring an additional 551,158 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after acquiring an additional 529,223 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KMB shares. Barclays decreased their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Down 0.2 %

KMB stock opened at $139.79 on Monday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a market capitalization of $46.36 billion, a P/E ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36. The business has a 50-day moving average of $133.53 and a 200-day moving average of $136.40. Kimberly-Clark Co. has a fifty-two week low of $123.02 and a fifty-two week high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted 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 return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 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. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

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.