D.A. Davidson & CO. Cuts Holdings in Kimberly-Clark Co. (NYSE:KMB)

D.A. Davidson & CO. cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,717 shares of the company's stock after selling 14,513 shares during the quarter. D.A. Davidson & CO.'s holdings in Kimberly-Clark were worth $10,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMB. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth $25,000. Darwin Wealth Management LLC purchased a new stake in Kimberly-Clark in the 3rd quarter worth $29,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $32,000. Strategic Financial Concepts LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $33,000. Finally, Roxbury Financial LLC purchased a new stake in Kimberly-Clark in the 4th quarter worth $33,000. 76.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler restated an "overweight" rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research report on Wednesday, January 15th. Two equities 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Trading Up 0.9 %

NYSE KMB traded up $1.31 during trading on Friday, hitting $140.28. The stock had a trading volume of 2,316,595 shares, compared to its average volume of 2,169,741. 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 capitalization of $46.53 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 4.42 and a beta of 0.41. Kimberly-Clark Co. has a one year low of $118.62 and a one year high of $149.30. The stock has a 50 day simple moving average of $130.19 and a 200 day simple moving average of $136.48.

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

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. Kimberly-Clark's dividend payout ratio (DPR) is 64.64%.

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.