1ST Source Bank Cuts Holdings in Kimberly-Clark Co. (NYSE:KMB)

1ST Source Bank lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,580 shares of the company’s stock after selling 377 shares during the period. 1ST Source Bank’s holdings in Kimberly-Clark were worth $1,517,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the period. Raymond James Financial Inc. purchased a new position in Kimberly-Clark in the fourth quarter valued at about $127,436,000. Sarasin & Partners LLP lifted its position in shares of Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after acquiring an additional 576,610 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after acquiring an additional 551,158 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after acquiring an additional 529,223 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE KMB opened at $139.79 on Monday. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The business’s 50-day moving average price is $133.53 and its 200 day moving average price is $136.40. 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 capitalization of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

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

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders 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 3.61%. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KMB shares. Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $143.64.

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.