Savant Capital LLC Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

Savant Capital LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,611 shares of the company’s stock after selling 1,022 shares during the period. Savant Capital LLC’s holdings in Kimberly-Clark were worth $3,618,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the fourth quarter worth $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. lifted its position in Kimberly-Clark by 808.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock valued at $32,000 after acquiring an additional 202 shares during the period. Golden State Wealth Management LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $33,000. Institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $133.22 on Wednesday. The firm has a market capitalization of $44.43 billion, a PE ratio of 17.65, a P/E/G ratio of 4.12 and a beta of 0.41. The company has a 50 day moving average price of $130.06 and a 200-day moving average price of $136.66. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued 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 3.78%. Kimberly-Clark’s dividend payout ratio is currently 64.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. UBS Group increased their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.