Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Cannell & Spears LLC

Cannell & Spears LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,434 shares of the company’s stock after acquiring an additional 1,079 shares during the period. Cannell & Spears LLC’s holdings in Kimberly-Clark were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

A number of research firms have recently commented on KMB. Wells Fargo & Company boosted their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. 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 report on Wednesday, January 8th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $144.85.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark 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 of the company’s stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $142.27 on Tuesday. 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 company has a 50-day moving average price of $136.42 and a 200 day moving average price of $135.92. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The stock has a market cap of $47.18 billion, a P/E ratio of 18.84, a PEG 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 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.54%. 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 dividend payout ratio 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.