Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,861 shares of the company's stock after selling 1,736 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Kimberly-Clark were worth $15,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Thompson Siegel & Walmsley LLC raised its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company's stock valued at $759,000 after acquiring an additional 77 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of Kimberly-Clark by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company's stock valued at $424,000 after buying an additional 78 shares during the period. Confluence Wealth Services Inc. grew its stake in shares of Kimberly-Clark by 5.1% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock valued at $208,000 after buying an additional 80 shares during the period. YHB Investment Advisors Inc. grew its stake in shares of Kimberly-Clark by 3.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company's stock valued at $330,000 after buying an additional 83 shares during the period. Finally, Ascent Wealth Partners LLC grew its stake in shares of Kimberly-Clark by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company's stock valued at $1,221,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

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Insider Activity

In other news, VP Andrew Drexler sold 2,500 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on KMB shares. Piper Sandler reissued an "overweight" rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Barclays dropped their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. 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. Finally, Wells Fargo & Company lowered 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 report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Stock Down 2.3 %

Kimberly-Clark stock traded down $3.38 during mid-day trading on Tuesday, reaching $144.02. 2,507,282 shares of the company's stock were exchanged, compared to its average volume of 2,045,313. The company has a market cap of $47.77 billion, a P/E ratio of 19.08, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The company has a fifty day moving average of $132.96 and a 200-day moving average of $136.48.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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%. Sell-side analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current 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 3.50%. This is a positive change 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 presently 66.75%.

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.