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

Associated Banc Corp reduced its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 portfolio, making the stock its 12th biggest holding. Associated Banc Corp owned 0.14% of Kimberly-Clark worth $59,954,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KMB. Aptus Capital Advisors LLC raised its holdings in Kimberly-Clark by 23.7% during the third quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company's stock valued at $470,000 after buying an additional 634 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Kimberly-Clark in the third quarter valued at about $356,000. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Kimberly-Clark by 4.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company's stock valued at $1,379,000 after purchasing an additional 422 shares during the last quarter. ING Groep NV grew its position in shares of Kimberly-Clark by 0.5% in the third quarter. ING Groep NV now owns 73,018 shares of the company's stock valued at $10,389,000 after purchasing an additional 340 shares during the last quarter. Finally, Intellectus Partners LLC grew its position in shares of Kimberly-Clark by 5.5% in the third quarter. Intellectus Partners LLC now owns 7,144 shares of the company's stock valued at $1,025,000 after purchasing an additional 372 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

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Kimberly-Clark Stock Up 0.2 %

NYSE KMB traded up $0.22 on Wednesday, reaching $139.75. The company had a trading volume of 1,716,805 shares, compared to its average volume of 2,016,483. The firm has a market capitalization of $46.35 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45. The company's fifty day moving average is $134.05 and its 200-day moving average is $136.34.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its 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 net margin of 12.69% and a return on equity of 201.43%. On average, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.61%. Kimberly-Clark's payout ratio is 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KMB shares. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research report on Wednesday, January 15th. Piper Sandler reissued an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research report on Wednesday, January 8th. Finally, Barclays decreased their target price on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $143.64.

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.