Welch & Forbes LLC Has $3.77 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Welch & Forbes LLC decreased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,017 shares of the company’s stock after selling 2,575 shares during the period. Welch & Forbes LLC’s holdings in Kimberly-Clark were worth $3,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMB. FMR LLC raised its stake in Kimberly-Clark by 74.9% in the third quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after buying an additional 1,046,155 shares during the period. American Century Companies Inc. increased its stake in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after purchasing an additional 641,187 shares during the period. Royal Bank of Canada increased its stake in shares of Kimberly-Clark by 31.4% during the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Kimberly-Clark by 552.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock worth $55,163,000 after purchasing an additional 386,497 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after purchasing an additional 368,505 shares during the period. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Doug Cunningham sold 1,040 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.86, for a total value of $142,334.40. Following the transaction, the insider now owns 3,833 shares of the company’s stock, valued at $524,584.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The disclosure for this sale can be found here. Insiders have sold 20,562 shares of company stock valued at $2,808,345 in the last 90 days. 0.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KMB has been the topic of a number of analyst reports. HSBC increased their price target on Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Bank of America raised their target price on Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Barclays raised their target price on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, Citigroup raised their target price on Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $134.85.

Kimberly-Clark Trading Down 0.0 %

Shares of KMB stock traded down $0.02 during mid-day trading on Tuesday, hitting $135.95. The company’s stock had a trading volume of 2,614,132 shares, compared to its average volume of 2,224,297. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $145.67. The company has a market cap of $45.78 billion, a PE ratio of 24.99, a P/E/G ratio of 3.87 and a beta of 0.38. The company’s fifty day simple moving average is $128.07 and its 200-day simple moving average is $123.62. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s payout ratio is 89.71%.

Kimberly-Clark Company 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.