Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Reduced by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,524 shares of the company’s stock after selling 76 shares during the period. Andrew Hill Investment Advisors Inc.’s holdings in Kimberly-Clark were worth $331,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after acquiring an additional 4,603,787 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kimberly-Clark by 5.3% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in Kimberly-Clark by 10.4% during the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock valued at $1,113,444,000 after acquiring an additional 797,953 shares in the last quarter. Invesco Ltd. raised its position in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after buying an additional 1,015,141 shares during the period. Finally, Norges Bank acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $582,592,000. 76.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KMB shares. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $144.85.

Kimberly-Clark Stock Performance

KMB opened at $135.25 on Thursday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm has a market cap of $44.86 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week high of $150.45. The business’s fifty day moving average is $138.05 and its 200-day moving average is $135.76.

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, 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 expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a dividend of $1.26 per share. The ex-dividend date was Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.73%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark 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 directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

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.