Sanctuary Advisors LLC Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Sanctuary Advisors LLC trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,815 shares of the company's stock after selling 2,659 shares during the period. Sanctuary Advisors LLC's holdings in Kimberly-Clark were worth $8,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $95,000. Nicholas Hoffman & Company LLC. grew its stake in Kimberly-Clark by 1.9% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 10,436 shares of the company's stock valued at $1,368,000 after purchasing an additional 199 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $34,000. MOKAN Wealth Management Inc. purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $598,000. Finally, Secured Retirement Advisors LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth about $650,000. Hedge funds and other institutional investors own 76.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KMB shares. StockNews.com lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. JPMorgan Chase & Co. lowered their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. UBS Group boosted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. 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 research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Trading Up 1.0 %

Kimberly-Clark stock traded up $1.35 during midday trading on Friday, reaching $140.32. 1,010,098 shares of the stock traded hands, compared to its average volume of 2,128,532. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The firm has a market cap of $46.54 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 4.42 and a beta of 0.41. The company has a 50-day simple moving average of $130.19 and a two-hundred day simple moving average of $136.48. Kimberly-Clark Co. has a 12-month low of $118.62 and a 12-month high of $149.30.

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 for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed 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 is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is currently 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.