Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its holdings in Kimberly-Clark Co. (NYSE:KMB) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,473 shares of the company’s stock after selling 341 shares during the quarter. Moors & Cabot Inc.’s holdings in Kimberly-Clark were worth $3,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KMB. Assetmark Inc. increased its holdings in Kimberly-Clark by 85.7% in the 3rd quarter. Assetmark Inc. now owns 14,833 shares of the company’s stock worth $2,110,000 after buying an additional 6,847 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kimberly-Clark in the 3rd quarter worth approximately $103,000. Nations Financial Group Inc. IA ADV increased its holdings in Kimberly-Clark by 21.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,850 shares of the company’s stock worth $975,000 after buying an additional 1,213 shares during the period. Apollon Wealth Management LLC increased its holdings in Kimberly-Clark by 7.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 13,689 shares of the company’s stock worth $1,948,000 after buying an additional 966 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 818,018 shares of the company’s stock worth $116,388,000 after buying an additional 11,937 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction 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 approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KMB shares. Piper Sandler restated 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. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Barclays lowered their price objective 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 lowered their price objective on 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.64.

Kimberly-Clark Stock Down 2.9 %

NYSE KMB opened at $139.88 on Thursday. The business has a fifty day moving average price of $133.14 and a 200 day moving average price of $136.51. Kimberly-Clark Co. has a one year low of $123.02 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market cap of $46.40 billion, a P/E ratio of 18.53, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

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.