Thrivent Financial for Lutherans Buys 2,221 Shares of Kimberly-Clark Co. (NYSE:KMB)

Thrivent Financial for Lutherans grew its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,665 shares of the company's stock after buying an additional 2,221 shares during the quarter. Thrivent Financial for Lutherans' holdings in Kimberly-Clark were worth $4,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mystic Asset Management Inc. grew its stake in shares of Kimberly-Clark by 30.5% during the 4th quarter. Mystic Asset Management Inc. now owns 19,528 shares of the company's stock valued at $2,559,000 after purchasing an additional 4,563 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Kimberly-Clark by 14.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 59,149 shares of the company's stock worth $7,751,000 after buying an additional 7,498 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at approximately $52,000. Cibc World Markets Corp raised its position in Kimberly-Clark by 14.1% in the fourth quarter. Cibc World Markets Corp now owns 130,983 shares of the company's stock worth $17,164,000 after acquiring an additional 16,172 shares during the period. Finally, Signature Wealth Management Group boosted its stake in shares of Kimberly-Clark by 2.2% during the 4th quarter. Signature Wealth Management Group now owns 31,510 shares of the company's stock worth $4,129,000 after acquiring an additional 672 shares during the last quarter. Institutional investors own 76.29% of the company's stock.

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Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

KMB stock traded down $0.87 during trading on Tuesday, hitting $136.95. 1,800,993 shares of the company's stock traded hands, compared to its average volume of 2,037,734. The business has a fifty day simple moving average of $135.09 and a 200 day simple moving average of $136.11. Kimberly-Clark Co. has a 52 week low of $123.84 and a 52 week 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 stock has a market capitalization of $45.42 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 4.46 and a beta of 0.36.

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 (EPS) for the quarter, meeting analysts' consensus estimates 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 expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.68%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is currently 66.75%.

Analyst Upgrades and Downgrades

KMB has been the topic of several analyst reports. Barclays lowered their target price 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. JPMorgan Chase & Co. cut their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. 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 report on Wednesday, January 29th. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price for the company. in a report on Wednesday, January 8th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Company 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.