Sheaff Brock Investment Advisors LLC Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Sheaff Brock Investment Advisors LLC cut its position in Kimberly-Clark Co. (NYSE:KMB) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,293 shares of the company’s stock after selling 615 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Kimberly-Clark were worth $300,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Creative Planning raised its holdings in Kimberly-Clark by 1.3% in the 3rd quarter. Creative Planning now owns 75,147 shares of the company’s stock worth $10,692,000 after purchasing an additional 943 shares during the period. Blue Trust Inc. boosted its stake in Kimberly-Clark by 104.3% during the third quarter. Blue Trust Inc. now owns 4,830 shares of the company’s stock worth $668,000 after buying an additional 2,466 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Kimberly-Clark by 4.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 5,297 shares of the company’s stock valued at $754,000 after purchasing an additional 241 shares during the period. Godsey & Gibb Inc. increased its holdings in shares of Kimberly-Clark by 2.1% during the 3rd quarter. Godsey & Gibb Inc. now owns 144,479 shares of the company’s stock worth $20,556,000 after buying an additional 2,906 shares during the last quarter. Finally, Penn Davis Mcfarland Inc. increased its stake in Kimberly-Clark by 735.4% during the third quarter. Penn Davis Mcfarland Inc. now owns 13,817 shares of the company’s stock worth $1,966,000 after acquiring an additional 12,163 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Down 1.9 %

Kimberly-Clark stock opened at $132.79 on Tuesday. Kimberly-Clark Co. has a 1-year low of $117.93 and a 1-year high of $149.30. 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 stock’s 50 day moving average price is $129.84 and its 200 day moving average price is $136.53. The company has a market cap of $44.28 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting 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, sell-side analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 64.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KMB shares. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Barclays dropped their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Two equities research 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $143.64.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark 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.