Kingswood Wealth Advisors LLC Has $540,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Kingswood Wealth Advisors LLC cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 46.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,117 shares of the company’s stock after selling 3,591 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KMB. Creative Planning increased its holdings in shares of Kimberly-Clark by 6.7% in the second quarter. Creative Planning now owns 74,204 shares of the company’s stock valued at $10,255,000 after purchasing an additional 4,661 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Kimberly-Clark by 0.8% during the second quarter. NewEdge Advisors LLC now owns 43,088 shares of the company’s stock worth $5,955,000 after purchasing an additional 357 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Kimberly-Clark by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 47,574 shares of the company’s stock valued at $6,575,000 after buying an additional 240 shares during the period. EP Wealth Advisors LLC boosted its holdings in Kimberly-Clark by 2.2% during the second quarter. EP Wealth Advisors LLC now owns 16,784 shares of the company’s stock worth $2,320,000 after buying an additional 354 shares during the last quarter. Finally, Advisory Alpha LLC acquired a new position in Kimberly-Clark during the second quarter valued at approximately $248,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KMB shares. Deutsche Bank Aktiengesellschaft increased their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. 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 note on Friday, January 17th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, 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. 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’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 0.2 %

Shares of NYSE KMB opened at $129.67 on Thursday. The stock has a market cap of $43.24 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. The firm has a 50 day moving average price of $131.63 and a two-hundred day moving average price of $137.41. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.32 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 paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.89%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

About Kimberly-Clark

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.