Associated Banc Corp Sells 37,656 Shares of Kimberly-Clark Co. (NYSE:KMB)

Associated Banc Corp reduced its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,523 shares of the company's stock after selling 37,656 shares during the period. Kimberly-Clark accounts for approximately 1.8% of Associated Banc Corp's holdings, making the stock its 12th largest holding. Associated Banc Corp owned about 0.14% of Kimberly-Clark worth $59,954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its position in shares of Kimberly-Clark by 5.9% in the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after purchasing an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kimberly-Clark by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock worth $1,387,709,000 after acquiring an additional 529,223 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kimberly-Clark by 2.8% during the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock worth $1,092,388,000 after acquiring an additional 206,671 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Kimberly-Clark by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company's stock worth $398,459,000 after acquiring an additional 30,312 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after acquiring an additional 464,615 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

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Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KMB shares. Wells Fargo & Company reduced their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a report on Wednesday, January 15th. Finally, UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating 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 six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $143.64.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.46 during trading on Tuesday, reaching $139.45. 1,661,930 shares of the company's stock were exchanged, compared to its average volume of 2,017,682. The business has a 50 day moving average price of $134.05 and a 200-day moving average price of $136.34. The stock has a market capitalization of $46.25 billion, a P/E ratio of 18.47, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a fifty-two week low of $123.02 and a fifty-two week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share 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%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is currently 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.