Hsbc Holdings PLC decreased its holdings in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 939,927 shares of the company’s stock after selling 67,910 shares during the period. Hsbc Holdings PLC’s holdings in Kimberly-Clark were worth $94,908,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Godfrey Financial Associates Inc. purchased a new stake in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark in the 2nd quarter worth approximately $27,000. CrossGen Wealth LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $27,000. Eagle Bay Advisors LLC bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $28,000. Finally, Newbridge Financial Services Group Inc. raised its holdings in Kimberly-Clark by 96.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
Shares of KMB stock opened at $102.56 on Monday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $137.46. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The firm has a market capitalization of $34.04 billion, a P/E ratio of 16.10, a P/E/G ratio of 4.60 and a beta of 0.28. The stock has a 50 day moving average price of $98.48 and a 200 day moving average price of $100.75.
Kimberly-Clark Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.
Insider Transactions at Kimberly-Clark
In related news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 7,096 shares of company stock worth $689,687. Company insiders own 0.75% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on KMB. Piper Sandler raised their price target on Kimberly-Clark from $115.00 to $121.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Barclays reduced their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 14th. Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group upped their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $115.43.
Kimberly-Clark Profile
Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.
Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.
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