Cypress Capital Group Sells 1,749 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cypress Capital Group decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 24.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,412 shares of the company’s stock after selling 1,749 shares during the period. Cypress Capital Group’s holdings in Kimberly-Clark were worth $709,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its position in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after purchasing an additional 77 shares during the last quarter. Graypoint LLC increased its position in shares of Kimberly-Clark by 1.5% during the 3rd 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 increased its position in shares of Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its position in shares of Kimberly-Clark by 3.4% during the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. TD Cowen lowered 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. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Barclays lowered 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. Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $141.79 on Thursday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock’s fifty day moving average price is $131.92 and its two-hundred day moving average price is $136.52. Kimberly-Clark Co. has a one year low of $123.02 and a one year high of $149.31. The firm has a market cap of $47.03 billion, a price-to-earnings ratio of 18.78, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued 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 return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Activity

In other news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark 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.