Curi RMB Capital LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Curi RMB Capital LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,575 shares of the company’s stock after selling 878 shares during the period. Curi RMB Capital LLC’s holdings in Kimberly-Clark were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Synergy Asset Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter valued at approximately $35,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research note on Thursday, April 17th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. UBS Group upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research note on Thursday, April 17th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $146.31.

Kimberly-Clark Stock Down 2.0 %

Shares of NYSE:KMB opened at $139.98 on Tuesday. The company has a market cap of $46.42 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The firm’s 50-day simple moving average is $139.65 and its 200-day simple moving average is $135.67. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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 return on equity of 201.43% and a net margin of 12.69%. As a group, equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a $1.26 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.60%. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

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.