Clarity Financial LLC Has $249,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Clarity Financial LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB) by 5.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,900 shares of the company’s stock after selling 102 shares during the quarter. Clarity Financial LLC’s holdings in Kimberly-Clark were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMB. Mediolanum International Funds Ltd boosted its stake in Kimberly-Clark by 56.8% during the fourth quarter. Mediolanum International Funds Ltd now owns 237,487 shares of the company’s stock worth $30,944,000 after acquiring an additional 86,063 shares in the last quarter. Crews Bank & Trust bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $429,000. Lewis Asset Management LLC grew its stake in shares of Kimberly-Clark by 6.7% in the 4th 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 period. OLD Second National Bank of Aurora increased its position in Kimberly-Clark by 24.4% in the 4th 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 in the last quarter. Finally, Coston McIsaac & Partners raised its stake in Kimberly-Clark by 0.7% during the 4th quarter. Coston McIsaac & Partners now owns 39,280 shares of the company’s stock worth $5,145,000 after buying an additional 282 shares during the period. 76.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on KMB. 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 set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. UBS Group raised their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays decreased their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

KMB stock opened at $130.78 on Friday. The business has a 50 day moving average of $131.50 and a 200-day moving average of $137.36. The firm has a market cap of $43.61 billion, a PE ratio of 17.32, a P/E/G ratio of 2.90 and a beta of 0.41. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, sell-side analysts expect that Kimberly-Clark Co. will post 7.52 earnings per share for the current year.

Kimberly-Clark Increases Dividend

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

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by company insiders.

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.