Marietta Investment Partners LLC Reduces Position in Kimberly-Clark Co. (NYSE:KMB)

Marietta Investment Partners LLC decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,553 shares of the company's stock after selling 3,600 shares during the quarter. Marietta Investment Partners LLC's holdings in Kimberly-Clark were worth $2,038,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. Roxbury Financial LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth about $33,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $32,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on KMB. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. TD Cowen downgraded 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. Piper Sandler reissued an "overweight" rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $143.64.

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Kimberly-Clark Trading Down 0.4 %

KMB stock traded down $0.49 during midday trading on Tuesday, hitting $137.34. The stock had a trading volume of 516,540 shares, compared to its average volume of 2,210,860. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The firm has a market cap of $45.55 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company's 50-day moving average price is $135.09 and its 200 day moving average price is $136.11. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities research analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.67%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is 66.75%.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on 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 transaction, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company's stock.

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.