RWA Wealth Partners LLC Sells 102 Shares of Kimberly-Clark Co. (NYSE:KMB)

RWA Wealth Partners LLC lowered its position in Kimberly-Clark Co. (NYSE:KMB) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 18,928 shares of the company’s stock after selling 102 shares during the quarter. RWA Wealth Partners LLC’s holdings in Kimberly-Clark were worth $2,480,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark in the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark during the 4th quarter valued at approximately $33,000. Finally, Roxbury Financial LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $33,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

Shares of KMB stock opened at $140.73 on Monday. 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 Co. has a 12 month low of $123.84 and a 12 month high of $150.45. The stock has a market cap of $46.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a 50 day simple moving average of $136.12 and a two-hundred day simple moving average of $135.92.

Kimberly-Clark (NYSE:KMB) last issued 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 net margin of 12.69% and a return on equity of 201.43%. On average, research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed 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 represents a $5.04 annualized dividend and a dividend yield of 3.58%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. Barclays lifted their price target on Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group boosted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $144.85.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction 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 approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

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.