Schnieders Capital Management LLC Cuts Position in Kimberly-Clark Co. (NYSE:KMB)

Schnieders Capital Management LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,762 shares of the company's stock after selling 6,220 shares during the quarter. Schnieders Capital Management LLC's holdings in Kimberly-Clark were worth $2,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Kimberly-Clark in the third quarter worth approximately $25,000. Cranbrook Wealth Management LLC boosted its position in Kimberly-Clark by 90.9% during the fourth quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company's stock valued at $26,000 after buying an additional 100 shares during the period. Centerpoint Advisors LLC boosted its position in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company's stock valued at $33,000 after buying an additional 175 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $35,000. Finally, Legacy Financial Group LLC purchased a new stake in Kimberly-Clark during the third quarter valued at about $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KMB. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an "overweight" rating in a research report on Thursday, March 28th. HSBC lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a "hold" rating in a research note on Thursday, March 28th. Evercore ISI raised shares of Kimberly-Clark from an "in-line" rating to an "outperform" rating and increased their price target for the company from $133.00 to $150.00 in a research report on Thursday, March 28th. Royal Bank of Canada reiterated a "sector perform" rating and set a $123.00 target price on shares of Kimberly-Clark in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a "hold" rating in a report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $131.85.

Insider Buying and Selling at Kimberly-Clark

In related news, Director Mark T. Smucker purchased 827 shares of the company's stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Mark T. Smucker purchased 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares of the company's stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tristram Wilkinson sold 3,720 shares of the company's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Insiders own 0.62% of the company's stock.

Kimberly-Clark Stock Up 5.5 %

Shares of NYSE KMB traded up $7.05 during mid-day trading on Tuesday, hitting $135.98. 5,773,469 shares of the stock traded hands, compared to its average volume of 2,205,946. The company has a market cap of $45.81 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 3.77 and a beta of 0.40. The stock has a fifty day moving average price of $124.78 and a 200-day moving average price of $122.55. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm posted $1.54 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Thursday, March 7th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.18. Kimberly-Clark's dividend payout ratio is 93.85%.

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.

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