Twin Capital Management Inc. Sells 381 Shares of Kimberly-Clark Co. (NYSE:KMB)

Twin Capital Management Inc. reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,374 shares of the company’s stock after selling 381 shares during the quarter. Twin Capital Management Inc.’s holdings in Kimberly-Clark were worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KMB. Fairfield Bush & CO. bought a new position in shares of Kimberly-Clark during the 1st quarter worth approximately $96,000. Sei Investments Co. boosted its holdings in shares of Kimberly-Clark by 22.2% in the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after buying an additional 34,646 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Kimberly-Clark by 2.8% in the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock valued at $36,066,000 after buying an additional 7,878 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of Kimberly-Clark by 23.9% in the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after buying an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Kimberly-Clark by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after buying an additional 4,503 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on KMB shares. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $133.00 to $150.00 in a report on Thursday, March 28th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. The Goldman Sachs Group started coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective for the company. Barclays increased their price objective on Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average target price of $131.85.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $125.62 on Friday. The firm has a market cap of $42.32 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 3.75 and a beta of 0.40. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $147.87. The business’s 50 day moving average is $124.12 and its 200-day moving average is $122.28.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. Kimberly-Clark’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business posted $1.54 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.88%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio is currently 93.85%.

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.