Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Lifted by Busey Bank

Busey Bank lifted its position in Kimberly-Clark Co. (NYSE:KMB) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 5,449 shares of the company’s stock after buying an additional 136 shares during the period. Busey Bank’s holdings in Kimberly-Clark were worth $714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the third quarter worth $29,000. DiNuzzo Private Wealth Inc. grew its position in Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after purchasing an additional 202 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at approximately $35,000. Kennebec Savings Bank acquired a new stake in shares of Kimberly-Clark during the 3rd quarter valued at $36,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KMB. Piper Sandler reissued 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. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research note on Tuesday, October 8th. Finally, UBS Group increased their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Up 0.9 %

KMB stock opened at $130.78 on Friday. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The company has a 50-day moving average of $131.50 and a two-hundred day moving average of $137.36. The stock has a market capitalization of $43.61 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 7.32 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.85%. Kimberly-Clark’s payout ratio is presently 63.29%.

Insider Activity

In other news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.62% of the stock is owned by company insiders.

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.