Capital Investment Advisory Services LLC Sells 164 Shares of Kimberly-Clark Co. (NYSE:KMB)

Capital Investment Advisory Services LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,776 shares of the company’s stock after selling 164 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Kimberly-Clark were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lewis Asset Management LLC raised its stake in Kimberly-Clark by 6.7% in the fourth quarter. Lewis Asset Management LLC now owns 5,275 shares of the company’s stock valued at $691,000 after buying an additional 330 shares during the last quarter. OLD Second National Bank of Aurora raised its stake in Kimberly-Clark by 24.4% in the fourth quarter. OLD Second National Bank of Aurora now owns 545 shares of the company’s stock valued at $71,000 after buying an additional 107 shares during the last quarter. Coston McIsaac & Partners raised its stake in Kimberly-Clark by 0.7% in the fourth quarter. Coston McIsaac & Partners now owns 39,280 shares of the company’s stock valued at $5,145,000 after buying an additional 282 shares during the last quarter. Busey Bank raised its stake in shares of Kimberly-Clark by 2.6% in the fourth quarter. Busey Bank now owns 5,449 shares of the company’s stock worth $714,000 after purchasing an additional 136 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in shares of Kimberly-Clark by 13.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 25,559 shares of the company’s stock worth $3,349,000 after purchasing an additional 2,937 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.9 %

Shares of KMB opened at $130.78 on Friday. 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. The stock’s 50 day moving average is $131.50 and its two-hundred day moving average is $137.36. The firm has a market cap of $43.61 billion, a P/E ratio of 17.32, a PEG ratio of 2.90 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts predict that Kimberly-Clark Co. will post 7.52 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.85%. Kimberly-Clark’s payout ratio is currently 64.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. reduced 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. 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. Piper Sandler restated an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday. 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. According to data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $143.64.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

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.