HM Payson & Co. Has $1.40 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

HM Payson & Co. lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,681 shares of the company’s stock after selling 960 shares during the quarter. HM Payson & Co.’s holdings in Kimberly-Clark were worth $1,400,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Kimberly-Clark during the 4th quarter worth $44,000. RKL Wealth Management LLC acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $810,000. Aviance Capital Partners LLC raised its stake in shares of Kimberly-Clark by 5.6% in the 4th quarter. Aviance Capital Partners LLC now owns 1,875 shares of the company’s stock valued at $246,000 after purchasing an additional 100 shares during the period. Oak Hill Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 228.3% in the 4th quarter. Oak Hill Wealth Advisors LLC now owns 1,811 shares of the company’s stock valued at $237,000 after purchasing an additional 3,222 shares during the period. Finally, Andra AP fonden raised its stake in shares of Kimberly-Clark by 13.1% in the 4th quarter. Andra AP fonden now owns 475,100 shares of the company’s stock valued at $62,257,000 after purchasing an additional 55,200 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. 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 Analyst Weigh In

KMB has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Barclays dropped their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Citigroup dropped their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Trading Up 1.7 %

Kimberly-Clark stock opened at $144.86 on Friday. The stock has a 50-day simple moving average of $132.37 and a 200 day simple moving average of $136.52. The stock has a market capitalization of $48.05 billion, a P/E ratio of 19.19, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52 week low of $123.02 and a 52 week high of $149.31.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 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.