Bowen Hanes & Co. Inc. Sells 5,670 Shares of Kimberly-Clark Corporation $KMB

Bowen Hanes & Co. Inc. lowered its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 37.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,330 shares of the company’s stock after selling 5,670 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Kimberly-Clark were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Greatmark Investment Partners Inc. raised its holdings in shares of Kimberly-Clark by 2.9% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after acquiring an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Kimberly-Clark by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after acquiring an additional 100 shares in the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of Kimberly-Clark by 0.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 15,093 shares of the company’s stock valued at $1,523,000 after acquiring an additional 100 shares in the last quarter. ORG Wealth Partners LLC raised its holdings in shares of Kimberly-Clark by 15.2% in the 4th quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after acquiring an additional 114 shares in the last quarter. Finally, Advyzon Investment Management LLC raised its holdings in shares of Kimberly-Clark by 5.0% in the 3rd quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock valued at $304,000 after acquiring an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $94.76 on Thursday. The stock has a market cap of $31.45 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 4.37 and a beta of 0.28. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $140.39. The stock’s 50-day moving average is $97.57 and its 200 day moving average is $101.14.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.93 EPS. On average, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.

Analyst Ratings Changes

KMB has been the topic of several recent analyst reports. Zacks Research cut Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft lowered their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company lowered their price target on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Piper Sandler lowered their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, UBS Group raised their price target on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $114.93.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the completion of the transaction, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 7,096 shares of company stock worth $689,687 over the last ninety days. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.