RWA Wealth Partners LLC Cuts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

RWA Wealth Partners LLC reduced its stake in Kimberly-Clark Co. (NYSE:KMB) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,928 shares of the company’s stock after selling 102 shares during the quarter. RWA Wealth Partners LLC’s holdings in Kimberly-Clark were worth $2,480,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Kimberly-Clark during the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the fourth quarter worth $32,000. Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark in the fourth quarter worth $33,000. Finally, Roxbury Financial LLC bought a new position in Kimberly-Clark in the 4th quarter valued at $33,000. 76.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Wells Fargo & Company upped their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday. Piper Sandler restated an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Barclays increased their target price on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $144.85.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 0.1 %

KMB opened at $140.73 on Monday. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. 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’s 50-day moving average price is $136.12 and its 200-day moving average price is $135.92. The company has a market cap of $46.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting 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 expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared 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 represents a $5.04 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 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.