Nations Financial Group Inc. IA ADV Sells 2,247 Shares of Kimberly-Clark Co. (NYSE:KMB)

Nations Financial Group Inc. IA ADV decreased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 32.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,603 shares of the company's stock after selling 2,247 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Kimberly-Clark were worth $603,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KMB. State Street Corp boosted its stake in shares of Kimberly-Clark by 5.9% in 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 in the last quarter. Sarasin & Partners LLP boosted its position in Kimberly-Clark by 140.1% during the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock valued at $129,506,000 after buying an additional 576,610 shares during the period. Assenagon Asset Management S.A. boosted its position in Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock valued at $77,284,000 after buying an additional 551,158 shares during the period. Nordea Investment Management AB boosted its position in 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 buying an additional 464,615 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its position in Kimberly-Clark by 140.0% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock valued at $94,278,000 after buying an additional 386,510 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 0.9 %

Shares of Kimberly-Clark stock traded up $1.31 during trading on Friday, hitting $140.28. The company's stock had a trading volume of 2,316,595 shares, compared to its average volume of 2,169,741. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a fifty day simple moving average of $130.19 and a two-hundred day simple moving average of $136.48. The company has a market capitalization of $46.53 billion, a PE ratio of 18.58, a P/E/G ratio of 4.42 and a beta of 0.41. Kimberly-Clark Co. has a 52 week low of $118.62 and a 52 week high of $149.30.

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

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.59%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 64.64%.

Analyst Ratings Changes

Several brokerages have weighed in on KMB. StockNews.com cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Saturday, February 15th. 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 report on Thursday, January 16th. Piper Sandler reissued an "overweight" rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Finally, Citigroup dropped their price target 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $143.64.

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.