FDx Advisors Inc. Sells 290 Shares of Kimberly-Clark Co. (NYSE:KMB)

FDx Advisors Inc. decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 13.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,833 shares of the company’s stock after selling 290 shares during the period. FDx Advisors Inc.’s holdings in Kimberly-Clark were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the third quarter worth $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter worth $32,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $33,000. Institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KMB shares. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Barclays cut their target price 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. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Finally, UBS Group raised their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $140.28 on Friday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a fifty-two week low of $118.62 and a fifty-two week high of $149.30. The firm has a market cap of $46.53 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.42 and a beta of 0.41. The business has a 50 day moving average price of $130.19 and a 200-day moving average price of $136.48.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a 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 currently 64.64%.

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.