Congress Wealth Management LLC DE Sells 24,598 Shares of Kimberly-Clark Co. (NYSE:KMB)

Congress Wealth Management LLC DE cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 44.9% during the 4th quarter, HoldingsChannel reports. The fund owned 30,189 shares of the company’s stock after selling 24,598 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Kimberly-Clark were worth $3,956,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KMB. Marshall Investment Management LLC purchased a new position in Kimberly-Clark in the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Kimberly-Clark in the fourth quarter worth about $33,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Finally, Synergy Asset Management LLC purchased a new stake in Kimberly-Clark during the 4th quarter valued at about $35,000. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated 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 transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

KMB has been the topic of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Finally, UBS Group increased their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

KMB opened at $136.95 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market cap of $45.42 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The stock has a fifty day simple moving average of $135.30 and a two-hundred day simple moving average of $136.04. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly 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 net margin of 12.69% and a return on equity of 201.43%. Research analysts predict 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. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

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.