Kimberly-Clark Co. (NYSE:KMB) Position Reduced by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc reduced its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,226 shares of the company’s stock after selling 494 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Kimberly-Clark were worth $1,471,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its holdings in Kimberly-Clark by 1.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares in the last quarter. Graypoint LLC raised its holdings in shares of Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after buying an additional 78 shares in the last quarter. Truvestments Capital LLC lifted its position in shares of Kimberly-Clark by 2.7% during the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after buying an additional 78 shares during the period. Confluence Wealth Services Inc. boosted its stake in Kimberly-Clark by 5.1% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after buying an additional 80 shares in the last quarter. Finally, YHB Investment Advisors Inc. grew its position in Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock valued at $330,000 after acquiring an additional 83 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Trading Up 0.9 %

KMB stock opened at $140.28 on Monday. The business has a fifty day moving average of $130.37 and a 200-day moving average of $136.46. The company has a market cap of $46.53 billion, a P/E ratio of 18.58, a PEG ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a twelve month low of $118.62 and a twelve month high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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 net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is currently 64.64%.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. TD Cowen downgraded shares of 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. UBS Group upped their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $143.64.

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.