44 Wealth Management LLC Sells 2,781 Shares of Kimberly-Clark Co. (NYSE:KMB)

44 Wealth Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,953 shares of the company’s stock after selling 2,781 shares during the period. 44 Wealth Management LLC’s holdings in Kimberly-Clark were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Thompson Siegel & Walmsley LLC raised its holdings in Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after buying an additional 77 shares during 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 purchasing an additional 78 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after purchasing an additional 78 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after buying an additional 80 shares during the last quarter. Finally, YHB Investment Advisors Inc. grew its holdings in Kimberly-Clark by 3.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares in the last quarter. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Stock Up 0.9 %

Shares of NYSE KMB opened at $140.28 on Friday. The business has a 50-day simple moving average of $130.19 and a two-hundred day simple moving average of $136.48. Kimberly-Clark Co. has a 52 week low of $118.62 and a 52 week high of $149.30. The company has a market cap of $46.53 billion, a P/E ratio of 18.58, a P/E/G ratio of 4.46 and a beta of 0.41. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share 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. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 64.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMB shares. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Barclays reduced their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Citigroup lowered their target price 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. Wells Fargo & Company lowered their price objective 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. Finally, UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Company 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.