Kimberly-Clark Co. (NYSE:KMB) Shares Sold by SouthState Corp

SouthState Corp lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,171 shares of the company’s stock after selling 242 shares during the quarter. SouthState Corp’s holdings in Kimberly-Clark were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in KMB. Natixis Advisors LLC raised its stake in shares of Kimberly-Clark by 84.1% in the 3rd quarter. Natixis Advisors LLC now owns 216,748 shares of the company’s stock valued at $30,839,000 after purchasing an additional 99,011 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in Kimberly-Clark in the third quarter valued at about $208,000. Thrivent Financial for Lutherans raised its stake in Kimberly-Clark by 15.3% during the third quarter. Thrivent Financial for Lutherans now owns 33,444 shares of the company’s stock valued at $4,759,000 after buying an additional 4,426 shares in the last quarter. Richard C. Young & CO. LTD. bought a new position in Kimberly-Clark during the 3rd quarter worth approximately $240,000. Finally, Meeder Advisory Services Inc. grew its position in shares of Kimberly-Clark by 17.0% in the 3rd quarter. Meeder Advisory Services Inc. now owns 7,192 shares of the company’s stock worth $1,023,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $139.98 on Tuesday. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The company has a market cap of $46.43 billion, a PE ratio of 18.54, a P/E/G ratio of 4.46 and a beta of 0.36. The stock has a 50 day simple moving average of $133.81 and a 200-day simple moving average of $136.38. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current 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 given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. 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 currently 66.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

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.