Grandfield & Dodd LLC Sells 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Grandfield & Dodd LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,610 shares of the company’s stock after selling 150 shares during the period. Grandfield & Dodd LLC’s holdings in Kimberly-Clark were worth $866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. Thompson Siegel & Walmsley LLC lifted its position in Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the last quarter. Graypoint LLC raised its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock valued at $756,000 after buying an additional 78 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after acquiring an additional 78 shares during the last quarter. Confluence Wealth Services Inc. grew its position in Kimberly-Clark by 5.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after acquiring an additional 80 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its stake in Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock valued at $330,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KMB. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada reiterated 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 shares of 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. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 1.3 %

NYSE KMB opened at $142.00 on Monday. Kimberly-Clark Co. has a 1 year low of $122.98 and a 1 year high of $149.31. The stock has a market capitalization of $47.10 billion, a PE ratio of 18.81, a PEG ratio of 4.46 and a beta of 0.41. 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 business’s 50-day moving average is $131.31 and its 200 day moving average is $136.48.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data 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 return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business 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 $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.55%. Kimberly-Clark’s dividend payout ratio is 66.75%.

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.