Canada Post Corp Registered Pension Plan lowered its stake in Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 45.6% during the fourth quarter, Holdings Channel reports. The firm owned 13,900 shares of the company’s stock after selling 11,631 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Kimberly-Clark were worth $1,402,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of Kimberly-Clark in the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter valued at about $27,000. Eagle Bay Advisors LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. boosted its stake in Kimberly-Clark by 96.6% in the fourth 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 in the last quarter. Finally, Investors Research Corp acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $33,000. Institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Stock Performance
Shares of KMB stock opened at $96.54 on Tuesday. The business’s 50-day moving average price is $98.04 and its 200-day moving average price is $101.85. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The firm has a market capitalization of $32.05 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 4.30 and a beta of 0.29. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38.
Kimberly-Clark Dividend Announcement
The company also recently declared 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 5.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 80.38%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on KMB shares. UBS Group raised their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Piper Sandler reduced their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Barclays reduced their price objective on 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. Finally, Bank of America dropped their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $114.93.
Read Our Latest Stock Analysis on KMB
Insider Transactions at Kimberly-Clark
In other news, VP Andrew Scribner sold 4,095 shares of Kimberly-Clark stock in a transaction dated Wednesday, May 6th. The stock was 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 SEC, which is available through this hyperlink. Also, insider Katy Chen sold 1,596 shares of Kimberly-Clark stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. The trade was 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. Insiders have sold 7,096 shares of company stock worth $689,687 over the last three months. Insiders own 0.75% of the company’s stock.
About Kimberly-Clark
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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