Spinnaker Trust Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

Spinnaker Trust cut its stake in Kimberly-Clark Co. (NYSE:KMB) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 5,798 shares of the company’s stock after selling 100 shares during the period. Spinnaker Trust’s holdings in Kimberly-Clark were worth $760,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the third quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter valued at approximately $32,000. Synergy Asset Management LLC bought a new position in Kimberly-Clark during the 4th quarter worth approximately $35,000. Finally, Kennebec Savings Bank bought a new stake in shares of Kimberly-Clark in the 3rd quarter valued at approximately $36,000. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Down 1.9 %

KMB stock opened at $132.79 on Friday. The firm’s 50-day moving average is $129.84 and its two-hundred day moving average is $136.51. The company has a market capitalization of $44.28 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $117.93 and a 52 week high of $149.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 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%. On average, analysts forecast that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.80%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analysts Forecast Growth

KMB has been the topic of several research analyst reports. Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. TD Cowen lowered 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 note on Wednesday, January 8th. UBS Group lifted their target price on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by corporate insiders.

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.