Sawyer & Company Inc Has $673,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Sawyer & Company Inc trimmed its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 20.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,135 shares of the company’s stock after selling 1,311 shares during the quarter. Sawyer & Company Inc’s holdings in Kimberly-Clark were worth $673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Kimberly-Clark by 22.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,934,655 shares of the company’s stock valued at $267,383,000 after acquiring an additional 354,501 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Kimberly-Clark by 28.4% during the second quarter. Citizens Financial Group Inc. RI now owns 2,069 shares of the company’s stock valued at $288,000 after purchasing an additional 458 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kimberly-Clark by 3.7% during the second quarter. Renaissance Technologies LLC now owns 440,592 shares of the company’s stock worth $60,890,000 after purchasing an additional 15,700 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Kimberly-Clark in the second quarter valued at approximately $731,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Kimberly-Clark by 31.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 36,820 shares of the company’s stock valued at $5,027,000 after buying an additional 8,914 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 0.5 %

Shares of NYSE KMB opened at $125.60 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The firm has a market cap of $41.89 billion, a PE ratio of 16.29, a P/E/G ratio of 2.69 and a beta of 0.41. The company’s fifty day simple moving average is $132.77 and its 200 day simple moving average is $138.22. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

Analyst Upgrades and Downgrades

KMB has been the subject of several recent research reports. Wells Fargo & Company decreased 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. Deutsche Bank Aktiengesellschaft increased their price objective on Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a report on Tuesday, October 8th. Citigroup cut their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Finally, Piper Sandler cut their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $147.07.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is owned by insiders.

Kimberly-Clark Company 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.