Blair William & Co. IL Sells 7,888 Shares of Kimberly-Clark Co. (NYSE:KMB)

Blair William & Co. IL trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,252 shares of the company’s stock after selling 7,888 shares during the period. Blair William & Co. IL’s holdings in Kimberly-Clark were worth $26,372,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth $32,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth about $33,000. Finally, Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $33,000. Institutional investors own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the business’s 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

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

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMB shares. Wells Fargo & Company lowered their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, UBS Group upped their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities 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 stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $144.50.

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.