Fiduciary Group LLC Boosts Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Fiduciary Group LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 162.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,100 shares of the company's stock after acquiring an additional 3,776 shares during the quarter. Fiduciary Group LLC's holdings in Kimberly-Clark were worth $799,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings 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 acquiring an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after purchasing an additional 529,223 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 206,671 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 buying an additional 30,312 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Kimberly-Clark by 20.4% in the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock valued at $358,625,000 after buying an additional 464,615 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

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Kimberly-Clark Stock Performance

NYSE KMB traded down $0.87 on Tuesday, reaching $136.95. The stock had a trading volume of 1,800,993 shares, compared to its average volume of 2,037,734. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market cap of $45.42 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The business's 50-day moving average price is $135.09 and its 200 day moving average price is $136.11. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued 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 net margin of 12.69% and a return on equity of 201.43%. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.68%. 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 66.75%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMB. Barclays reduced their price target on shares of 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. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Piper Sandler restated an "overweight" rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research note on Wednesday, January 8th. Finally, UBS Group increased their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and a consensus target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company's stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

About Kimberly-Clark

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.