Everett Harris & Co. CA Sells 2,000 Shares of Kimberly-Clark Co. (NYSE:KMB)

Everett Harris & Co. CA lowered its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 19.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,039 shares of the company’s stock after selling 2,000 shares during the quarter. Everett Harris & Co. CA’s holdings in Kimberly-Clark were worth $977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Trueblood Wealth Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth about $385,000. LaFleur & Godfrey LLC lifted its position in Kimberly-Clark by 2.0% during the 4th quarter. LaFleur & Godfrey LLC now owns 8,447 shares of the company’s stock valued at $1,026,000 after purchasing an additional 169 shares during the period. Highland Capital Management LLC lifted its position in Kimberly-Clark by 0.7% during the 4th quarter. Highland Capital Management LLC now owns 37,760 shares of the company’s stock valued at $4,588,000 after purchasing an additional 250 shares during the period. Canvas Wealth Advisors LLC increased its stake in Kimberly-Clark by 6.9% during the 4th quarter. Canvas Wealth Advisors LLC now owns 13,413 shares of the company’s stock worth $1,665,000 after purchasing an additional 861 shares in the last quarter. Finally, Trust Co of the South bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $316,000. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Piper Sandler raised their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday. Barclays decreased their price target on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. Finally, Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the company from $133.00 to $150.00 in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $132.27.

Insider Transactions at Kimberly-Clark

In other news, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the purchase, the director now owns 827 shares of the company’s stock, valued at $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock traded up $2.06 during mid-day trading on Thursday, hitting $129.33. 3,204,117 shares of the company’s stock traded hands, compared to its average volume of 2,129,380. The firm has a 50 day simple moving average of $122.49 and a two-hundred day simple moving average of $121.99. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The stock has a market cap of $43.57 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.96 and a beta of 0.40. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $1.54 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Kimberly-Clark Co. will post 6.83 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th will be issued a dividend of $1.22 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.77%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

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.