Kimelman & Baird LLC Has $636,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Kimelman & Baird LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 31.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,850 shares of the company's stock after selling 2,250 shares during the period. Kimelman & Baird LLC's holdings in Kimberly-Clark were worth $636,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company's stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company's stock valued at $1,387,709,000 after acquiring an additional 529,223 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Kimberly-Clark by 2.8% in the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock valued at $1,092,388,000 after buying an additional 206,671 shares during the period. Bank of New York Mellon Corp boosted its stake in Kimberly-Clark by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company's stock worth $398,459,000 after purchasing an additional 30,312 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after buying an additional 464,615 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

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Kimberly-Clark Stock Performance

Shares of NYSE:KMB traded down $0.18 on Wednesday, reaching $139.35. 715,251 shares of the company's stock were exchanged, compared to its average volume of 2,012,684. The company has a fifty day moving average of $134.05 and a 200-day moving average of $136.34. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. The company has a market capitalization of $46.22 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 4.46 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced 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%. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. 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. This represents a $5.04 annualized dividend and a dividend yield of 3.62%. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KMB shares. Piper Sandler restated an "overweight" rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Citigroup reduced 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 note on Wednesday, January 15th. UBS Group increased their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average price target of $143.64.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

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.