Hyman Charles D Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Hyman Charles D lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,979 shares of the company’s stock after selling 1,500 shares during the period. Hyman Charles D’s holdings in Kimberly-Clark were worth $3,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Cranbrook Wealth Management LLC raised its stake in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. OFI Invest Asset Management purchased a new position in Kimberly-Clark during the 3rd quarter worth $25,000. Centerpoint Advisors LLC increased its position in Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in Kimberly-Clark in the fourth quarter valued at about $35,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in Kimberly-Clark in the fourth quarter worth about $37,000. 76.29% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 6,390 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,562 shares of company stock valued at $2,808,345. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $0.02 during midday trading on Tuesday, hitting $135.95. The stock had a trading volume of 2,614,132 shares, compared to its average volume of 2,224,297. The stock has a 50 day simple moving average of $128.07 and a 200-day simple moving average of $123.62. The company has a quick ratio of 0.54, a current ratio of 0.81 and a debt-to-equity ratio of 6.05. The company has a market capitalization of $45.78 billion, a PE ratio of 24.99, a P/E/G ratio of 3.87 and a beta of 0.38. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $145.67.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. On average, sell-side analysts expect that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Piper Sandler lifted their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. HSBC lifted their price target on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Finally, Bank of America raised their target price on Kimberly-Clark from $110.00 to $115.00 and gave the company an “underperform” rating in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $134.85.

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.