Cullen Capital Management LLC Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Cullen Capital Management LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,520 shares of the company’s stock after selling 82 shares during the period. Cullen Capital Management LLC’s holdings in Kimberly-Clark were worth $723,000 as of its most recent SEC filing.

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

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on KMB. Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Citigroup reduced their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.85.

Kimberly-Clark Stock Down 5.1 %

KMB stock opened at $137.76 on Friday. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. 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 company has a market cap of $45.69 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a fifty day moving average price of $137.64 and a 200 day moving average price of $135.95.

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 the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

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.