Tower Bridge Advisors Purchases 350 Shares of Kimberly-Clark Co. (NYSE:KMB)

Tower Bridge Advisors lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,705 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Tower Bridge Advisors’ holdings in Kimberly-Clark were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after buying an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after acquiring an additional 358,926 shares in the last quarter. Geode Capital Management LLC lifted its position in Kimberly-Clark by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock valued at $1,092,388,000 after acquiring an additional 206,671 shares during the period. Bank of New York Mellon Corp boosted its stake in Kimberly-Clark by 1.0% during 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 in the last quarter. Finally, Nordea Investment Management AB grew its holdings in 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 purchasing an additional 464,615 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KMB shares. Citigroup lowered their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. Finally, TD Cowen lowered 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 1.3 %

KMB opened at $142.00 on Friday. Kimberly-Clark Co. has a twelve month low of $121.00 and a twelve month high of $149.31. 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 firm has a 50 day moving average price of $131.31 and a 200-day moving average price of $136.53. The stock has a market capitalization of $47.10 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last announced 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 12.69% and a return on equity of 201.43%. Equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.55%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

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.