Kimberly-Clark Co. (NYSE:KMB) Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,615 shares of the company’s stock after selling 94 shares during the period. SVB Wealth LLC’s holdings in Kimberly-Clark were worth $1,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cranbrook Wealth Management LLC raised its position in Kimberly-Clark by 90.9% in the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth about $25,000. Cornerstone Planning Group LLC purchased a new stake in Kimberly-Clark in the 2nd quarter valued at about $34,000. First Capital Advisors Group LLC. acquired a new position in Kimberly-Clark in the second quarter valued at about $37,000. Finally, Centerpoint Advisors LLC boosted its stake in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on KMB. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. HSBC raised their target price on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group assumed coverage on shares of Kimberly-Clark in a research note on Friday, March 1st. They set a “buy” rating and a $135.00 price target on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $131.85.

Kimberly-Clark Stock Down 0.3 %

KMB stock opened at $125.62 on Friday. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The company’s 50 day moving average price is $124.12 and its 200 day moving average price is $122.28. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm has a market capitalization of $42.32 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 3.75 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $5 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were paid a $1.22 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a yield of 3.88%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

Insiders Place Their Bets

In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Mark T. Smucker acquired 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares in the company, valued at $2,084,709. The disclosure for this sale can be found here. 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.