Wealth Quarterback LLC Sells 82 Shares of Kimberly-Clark Co. (NYSE:KMB)

Wealth Quarterback LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,847 shares of the company’s stock after selling 82 shares during the quarter. Wealth Quarterback LLC’s holdings in Kimberly-Clark were worth $242,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $32,000. Strategic Financial Concepts LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at $33,000. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated 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 owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 1.9 %

KMB stock opened at $132.79 on Monday. The company has a market cap of $44.28 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 4.12 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The business has a 50 day moving average price of $129.84 and a two-hundred day moving average price of $136.53. Kimberly-Clark Co. has a twelve month low of $117.93 and a twelve month high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts anticipate that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 64.64%.

Analysts Set New Price Targets

A number of research analysts recently commented on KMB shares. 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 reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Barclays decreased their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus target price of $143.64.

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.