First Command Advisory Services Inc. Sells 230 Shares of Kimberly-Clark Co. (NYSE:KMB)

First Command Advisory Services Inc. reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,784 shares of the company’s stock after selling 230 shares during the quarter. First Command Advisory Services Inc.’s holdings in Kimberly-Clark were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares in the last quarter. Sarasin & Partners LLP increased its stake in Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after purchasing an additional 576,610 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after buying an additional 551,158 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after buying an additional 464,615 shares in the last quarter. Finally, Ilex Capital Partners UK LLP grew its holdings in shares of Kimberly-Clark by 140.0% during the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after buying an additional 386,510 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. StockNews.com lowered Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $139.20 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business has a fifty day simple moving average of $130.92 and a two-hundred day simple moving average of $136.47. The firm has a market capitalization of $46.17 billion, a P/E ratio of 18.44, a P/E/G ratio of 4.46 and a beta of 0.41. Kimberly-Clark Co. has a 12 month low of $120.49 and a 12 month high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data 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 201.43% and a net margin of 12.69%. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared 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 represents a $5.04 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Kimberly-Clark 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.