Concurrent Investment Advisors LLC Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Concurrent Investment Advisors LLC cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 10.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,838 shares of the company’s stock after selling 1,267 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Kimberly-Clark were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the third quarter valued at $29,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at $32,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at $33,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on KMB shares. UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Stock Up 0.9 %

KMB opened at $140.28 on Friday. Kimberly-Clark Co. has a twelve month low of $118.62 and a twelve month high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a 50-day moving average price of $130.37 and a 200 day moving average price of $136.50. The company has a market cap of $46.53 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed 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. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is presently 64.64%.

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.