Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 23.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 293 shares of the company’s stock after selling 88 shares during the period. Zions Bancorporation N.A.’s holdings in Kimberly-Clark were worth $38,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. TIAA Trust National Association raised its position in shares of Kimberly-Clark by 7.8% in the 4th quarter. TIAA Trust National Association now owns 24,571 shares of the company’s stock worth $3,220,000 after buying an additional 1,786 shares during the period. Modern Wealth Management LLC increased its stake in Kimberly-Clark by 45.5% during the fourth quarter. Modern Wealth Management LLC now owns 2,560 shares of the company’s stock worth $337,000 after acquiring an additional 800 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of Kimberly-Clark in the 4th quarter worth about $183,000. Minneapolis Portfolio Management Group LLC lifted its stake in shares of Kimberly-Clark by 1.4% in the 4th quarter. Minneapolis Portfolio Management Group LLC now owns 124,354 shares of the company’s stock valued at $16,295,000 after purchasing an additional 1,716 shares in the last quarter. Finally, ICW Investment Advisors LLC grew its holdings in shares of Kimberly-Clark by 11.2% during the 4th quarter. ICW Investment Advisors LLC now owns 8,194 shares of the company’s stock worth $1,074,000 after purchasing an additional 827 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

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 transaction of $1,528,158.00. Following the completion of the transaction, the vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $140.55 on Friday. The business has a 50 day simple moving average of $135.86 and a 200 day simple moving average of $136.09. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $46.61 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 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 research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date 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 3.59%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler restated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.50.

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.