Boston Family Office LLC Trims Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Boston Family Office LLC reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,143 shares of the company’s stock after selling 1,500 shares during the quarter. Boston Family Office LLC’s holdings in Kimberly-Clark were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Confluence Wealth Services Inc. increased its position in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares in the last quarter. YHB Investment Advisors Inc. increased its position in Kimberly-Clark by 3.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares during the period. Ascent Wealth Partners LLC lifted its stake in Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after buying an additional 90 shares during the last quarter. Silver Lake Advisory LLC boosted its holdings in shares of Kimberly-Clark by 0.8% in the fourth quarter. Silver Lake Advisory LLC now owns 11,896 shares of the company’s stock valued at $1,559,000 after acquiring an additional 95 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Kimberly-Clark by 5.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,727 shares of the company’s stock valued at $226,000 after acquiring an additional 96 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Trading Up 0.6 %

Shares of KMB stock opened at $143.13 on Wednesday. The business’s fifty day moving average price is $136.76 and its 200 day moving average price is $135.92. The firm has a market capitalization of $47.47 billion, a PE ratio of 18.96, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1-year low of $123.84 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.52%. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analyst Ratings Changes

Several research firms recently commented on KMB. Barclays upped their price target on shares of Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average target price of $144.85.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was 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 $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

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.