Midwest Professional Planners LTD. Sells 2,306 Shares of Kimberly-Clark Co. (NYSE:KMB)

Midwest Professional Planners LTD. decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,564 shares of the company’s stock after selling 2,306 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Kimberly-Clark were worth $336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after acquiring an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after acquiring an additional 529,223 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Kimberly-Clark by 2.8% in the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after acquiring an additional 206,671 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Kimberly-Clark by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock worth $398,459,000 after acquiring an additional 30,312 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after acquiring an additional 464,615 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $139.79 on Friday. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The business’s fifty day moving average is $133.53 and its 200 day moving average is $136.50. 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 stock has a market cap of $46.36 billion, a P/E ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its 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%. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. 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. This represents a $5.04 annualized dividend and a yield of 3.61%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on KMB shares. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.