Congress Wealth Management LLC DE Sells 24,598 Shares of Kimberly-Clark Co. (NYSE:KMB)

Congress Wealth Management LLC DE reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 44.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,189 shares of the company’s stock after selling 24,598 shares during the period. Congress Wealth Management LLC DE’s holdings in Kimberly-Clark were worth $3,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the fourth quarter worth $25,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark in the fourth quarter worth $32,000. Strategic Financial Concepts LLC bought a new position in Kimberly-Clark in the 4th quarter valued at $33,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $136.95 on Wednesday. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. 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 stock has a market cap of $45.42 billion, a P/E ratio of 18.14, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a 50 day moving average of $135.30 and a 200 day moving average of $136.04.

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%. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 3.68%. 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 dividend payout ratio (DPR) is 66.75%.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction 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 of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KMB shares. 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. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. 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 note on Wednesday, January 29th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Finally, Barclays dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

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.