Convergence Investment Partners LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 13.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,670 shares of the company's stock after selling 2,009 shares during the period. Convergence Investment Partners LLC's holdings in Kimberly-Clark were worth $1,660,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. My Legacy Advisors LLC grew its holdings in Kimberly-Clark by 4.6% during the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company's stock valued at $248,000 after purchasing an additional 76 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Kimberly-Clark by 1.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock worth $759,000 after acquiring an additional 77 shares in the last quarter. Graypoint LLC grew its stake in Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company's stock worth $756,000 after acquiring an additional 78 shares in the last quarter. Truvestments Capital LLC grew its stake in Kimberly-Clark by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock worth $424,000 after acquiring an additional 78 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its stake in Kimberly-Clark by 5.1% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock worth $208,000 after acquiring an additional 80 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on KMB. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Citigroup lowered their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research report on Wednesday, January 15th. Barclays lowered their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. UBS Group upped their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $143.64.
Get Our Latest Research Report on KMB
Kimberly-Clark Stock Performance
Shares of NYSE KMB traded up $1.31 during midday trading on Friday, reaching $140.28. The company had a trading volume of 2,316,595 shares, compared to its average volume of 2,169,741. The business's 50-day simple moving average is $130.19 and its 200 day simple moving average is $136.48. The stock has a market cap of $46.53 billion, a P/E ratio of 18.58, a P/E/G ratio of 4.42 and a beta of 0.41. Kimberly-Clark Co. has a 1 year low of $118.62 and a 1 year high of $149.30. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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, analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio (DPR) is currently 64.64%.
Kimberly-Clark Company Profile
(
Free Report)
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.
Read More
Before you consider Kimberly-Clark, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kimberly-Clark wasn't on the list.
While Kimberly-Clark currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
