Stevens Capital Management LP Reduces Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Stevens Capital Management LP decreased its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 74.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,233 shares of the company's stock after selling 6,402 shares during the period. Stevens Capital Management LP's holdings in Kimberly-Clark were worth $293,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMB. Park Avenue Securities LLC grew its position in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock valued at $1,807,000 after acquiring an additional 6,016 shares during the period. Pensionfund Sabic lifted its position in shares of Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock valued at $1,677,000 after buying an additional 4,000 shares in the last quarter. Barclays PLC increased its holdings in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after acquiring an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC increased its stake in shares of Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock worth $366,000 after purchasing an additional 466 shares in the last quarter. Finally, West Oak Capital LLC grew its holdings in Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock valued at $4,428,000 after buying an additional 33,623 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company's stock.

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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 dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Kimberly-Clark Stock Up 1.8 %

NYSE KMB traded up $2.47 on Wednesday, reaching $139.46. 1,017,284 shares of the stock traded hands, compared to its average volume of 2,030,927. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. 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 moving average price of $135.30 and a 200-day moving average price of $136.04. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 4.46 and a beta of 0.36.

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

Kimberly-Clark Increases Dividend

The firm also recently disclosed 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 is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. Kimberly-Clark's payout ratio is 66.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. UBS Group increased their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays decreased their price objective on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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.