Everett Harris & Co. CA Sells 150 Shares of Kimberly-Clark Co. (NYSE:KMB)

Everett Harris & Co. CA reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,540 shares of the company’s stock after selling 150 shares during the quarter. Everett Harris & Co. CA’s holdings in Kimberly-Clark were worth $988,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KMB. Wesbanco Bank Inc. increased its holdings in Kimberly-Clark by 0.9% in the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after buying an additional 71 shares during the period. My Legacy Advisors LLC grew its holdings in Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock worth $248,000 after acquiring an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in Kimberly-Clark by 1.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after acquiring an additional 77 shares in the last quarter. Graypoint LLC raised its stake in shares of Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after acquiring an additional 78 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday. Wells Fargo & Company cut 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. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Stock Down 0.7 %

NYSE:KMB opened at $129.93 on Friday. The company has a market cap of $43.33 billion, a PE ratio of 17.21, a PEG ratio of 2.90 and a beta of 0.41. The stock has a 50-day simple moving average of $131.37 and a 200 day simple moving average of $137.31. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.55 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data 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 expect that Kimberly-Clark Co. will post 7.52 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. 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 3.88%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 64.64%.

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.