Harbour Investment Management LLC Trims Stake in Kimberly-Clark Co. (NYSE:KMB)

Harbour Investment Management LLC trimmed its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.6% in the 4th quarter, HoldingsChannel reports. The firm owned 17,256 shares of the company’s stock after selling 100 shares during the period. Harbour Investment Management LLC’s holdings in Kimberly-Clark were worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van Strum & Towne Inc. increased its stake in shares of Kimberly-Clark by 11.1% in the 4th quarter. Van Strum & Towne Inc. now owns 3,000 shares of the company’s stock worth $393,000 after purchasing an additional 300 shares in the last quarter. Greatmark Investment Partners Inc. increased its stake in Kimberly-Clark by 38.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,433 shares of the company’s stock worth $450,000 after buying an additional 955 shares in the last quarter. IAG Wealth Partners LLC increased its stake in Kimberly-Clark by 182.8% in the 4th quarter. IAG Wealth Partners LLC now owns 560 shares of the company’s stock worth $73,000 after buying an additional 362 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Kimberly-Clark by 9.3% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 579,713 shares of the company’s stock worth $75,722,000 after buying an additional 49,197 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in Kimberly-Clark by 86.8% in the 4th quarter. Achmea Investment Management B.V. now owns 210,648 shares of the company’s stock worth $27,603,000 after buying an additional 97,901 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KMB has been the subject of a number of analyst reports. UBS Group increased their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This trade represents a 49.48 % 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 owned by insiders.

Kimberly-Clark Stock Down 0.2 %

Shares of NYSE KMB opened at $139.79 on Friday. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market cap of $46.36 billion, a P/E ratio of 18.52, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The firm has a 50-day simple moving average of $133.53 and a two-hundred day simple moving average of $136.50.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.61%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

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.