Frank Rimerman Advisors LLC Has $443,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Frank Rimerman Advisors LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,379 shares of the company’s stock after buying an additional 703 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Kimberly-Clark were worth $443,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Marshall Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth $29,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB opened at $139.79 on Monday. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The company has a market capitalization of $46.36 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The business has a 50-day moving average of $133.53 and a 200-day moving average of $136.40.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data 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 return on equity of 201.43% and a net margin of 12.69%. As a group, equities research 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 announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.61%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now 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 SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Barclays dropped their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.64.

About Kimberly-Clark

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.