SlateStone Wealth LLC Boosts Holdings in Kimberly-Clark Co. (NYSE:KMB)

SlateStone Wealth LLC increased its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,247 shares of the company's stock after buying an additional 7,505 shares during the period. SlateStone Wealth LLC's holdings in Kimberly-Clark were worth $6,584,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Aptus Capital Advisors LLC grew its position in shares of Kimberly-Clark by 23.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company's stock valued at $470,000 after purchasing an additional 634 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Kimberly-Clark by 4.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company's stock worth $1,379,000 after acquiring an additional 422 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Kimberly-Clark by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 11,690 shares of the company's stock valued at $1,663,000 after acquiring an additional 259 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Kimberly-Clark by 40.2% during the 3rd quarter. Empowered Funds LLC now owns 54,019 shares of the company's stock valued at $7,686,000 after buying an additional 15,482 shares in the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Kimberly-Clark by 68.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company's stock valued at $6,219,000 after buying an additional 17,749 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have issued reports on KMB. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Friday, January 24th. Piper Sandler reaffirmed an "overweight" rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Barclays dropped their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

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 transaction of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares in the company, valued at $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 is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

NYSE:KMB traded down $0.39 during mid-day trading on Wednesday, reaching $139.14. The company's stock had a trading volume of 402,863 shares, compared to its average volume of 2,011,363. The firm's fifty day moving average price is $134.05 and its two-hundred day moving average price is $136.34. 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 stock has a market cap of $46.15 billion, a P/E ratio of 18.43, a PEG ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.62%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is presently 66.75%.

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.