Banco Santander S.A. Has $16.16 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Banco Santander S.A. cut its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,312 shares of the company's stock after selling 20,396 shares during the quarter. Banco Santander S.A.'s holdings in Kimberly-Clark were worth $16,159,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new position in Kimberly-Clark during the fourth quarter worth about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark during the third quarter worth about $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Citigroup dropped their price objective 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $143.64.

Kimberly-Clark Stock Down 2.3 %

NYSE KMB traded down $3.38 on Tuesday, reaching $144.02. The company had a trading volume of 2,507,282 shares, compared to its average volume of 2,045,741. The company's fifty day moving average is $132.96 and its 200-day moving average is $136.48. 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 firm has a market capitalization of $47.77 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate 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 3.50%. Kimberly-Clark's payout ratio is 66.75%.

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.