Kingswood Wealth Advisors LLC Has $540,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Kingswood Wealth Advisors LLC cut its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 46.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,117 shares of the company's stock after selling 3,591 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Kimberly-Clark were worth $540,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in KMB. State Street Corp raised its stake in 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 purchasing an additional 1,083,824 shares during the last quarter. Sarasin & Partners LLP grew its holdings in shares of Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock worth $129,506,000 after purchasing an additional 576,610 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Kimberly-Clark by 1,427.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock worth $77,284,000 after purchasing an additional 551,158 shares during the period. Nordea Investment Management AB boosted its position 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 valued at $358,625,000 after acquiring an additional 464,615 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its position in Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock worth $94,278,000 after purchasing an additional 386,510 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. Piper Sandler reaffirmed 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. Citigroup lowered 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 report on Wednesday, January 15th. Barclays cut 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $143.64.

Kimberly-Clark Price Performance

Shares of NYSE:KMB traded up $1.37 during midday trading on Thursday, hitting $131.04. The company had a trading volume of 681,265 shares, compared to its average volume of 2,005,340. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The business's 50-day simple moving average is $131.50 and its 200-day simple moving average is $137.36. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The stock has a market cap of $43.70 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.53 and a beta of 0.41.

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, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. On average, research analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current 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 issued a dividend of $1.26 per share. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio is currently 63.29%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

Kimberly-Clark 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.