Thompson Siegel & Walmsley LLC Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Thompson Siegel & Walmsley LLC lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,260 shares of the company’s stock after selling 77 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Kimberly-Clark were worth $689,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC boosted its holdings in 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 buying an additional 78 shares in the last quarter. Confluence Wealth Services Inc. lifted its holdings in shares of Kimberly-Clark by 5.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after purchasing an additional 80 shares in the last quarter. YHB Investment Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 83 shares in the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after purchasing an additional 90 shares in the last quarter. Finally, Avestar Capital LLC lifted its holdings in shares of Kimberly-Clark by 5.1% in the third quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock valued at $278,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on 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 sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $139.79 on Friday. Kimberly-Clark Co. has a one year low of $123.02 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50 day moving average price of $133.53 and a 200 day moving average price of $136.50. The firm has a market capitalization of $46.36 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 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.