Dakota Wealth Management Sells 1,724 Shares of Kimberly-Clark Co. (NYSE:KMB)

Dakota Wealth Management decreased its position in Kimberly-Clark Co. (NYSE:KMB) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,022 shares of the company’s stock after selling 1,724 shares during the quarter. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $2,755,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Park Avenue Securities LLC increased its holdings in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after acquiring an additional 6,016 shares during the last quarter. Pensionfund Sabic raised its position in Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after acquiring an additional 273,813 shares during the last quarter. Vest Financial LLC boosted its holdings in shares of Kimberly-Clark by 6.5% during the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after acquiring an additional 21,339 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its holdings in Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock valued at $366,000 after buying an additional 466 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of a number of analyst reports. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.71.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Price Performance

Shares of KMB opened at $126.12 on Thursday. The firm has a fifty day simple moving average of $132.17 and a two-hundred day simple moving average of $137.83. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The firm has a market cap of $42.06 billion, a PE ratio of 16.36, a P/E/G ratio of 3.56 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter last year, the business posted $1.74 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Kimberly-Clark 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.