Massachusetts Financial Services Co. MA Has $730.99 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,578,401 shares of the company’s stock after selling 139,967 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.67% of Kimberly-Clark worth $730,994,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Up 0.0 %

Shares of KMB stock opened at $143.07 on Thursday. The firm’s fifty day moving average price is $137.10 and its two-hundred day moving average price is $135.97. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $123.84 and a 1 year high of $150.45. The firm has a market capitalization of $47.45 billion, a P/E ratio of 18.95, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its 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 return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. 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 note on Wednesday, January 29th. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, March 28th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Finally, Barclays lifted their price objective on Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.85.

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.