Isthmus Partners LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Isthmus Partners LLC lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 30.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,585 shares of the company’s stock after selling 691 shares during the period. Isthmus Partners LLC’s holdings in Kimberly-Clark were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 1.7 %

Shares of NYSE:KMB opened at $147.30 on Tuesday. The stock’s 50-day moving average price is $132.70 and its 200-day moving average price is $136.48. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The stock has a market capitalization of $48.86 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. 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 (NYSE:KMB) last announced 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 return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm 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 $1.26 dividend. 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 dividend yield of 3.42%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by insiders.

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.