Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Increased by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,121 shares of the company’s stock after buying an additional 199 shares during the period. Commonwealth Retirement Investments LLC’s holdings in Kimberly-Clark were worth $1,850,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the third quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KMB shares. Barclays cut their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Piper Sandler reissued an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

Shares of KMB opened at $139.90 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $120.49 and a 12 month high of $149.30. The company’s fifty day moving average is $130.54 and its 200-day moving average is $136.45. The firm has a market cap of $46.40 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its 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%. Equities analysts expect 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 given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Company 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.