Atlantic Union Bankshares Corp Purchases 100 Shares of Kimberly-Clark Co. (NYSE:KMB)

Atlantic Union Bankshares Corp grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% in the fourth quarter, Holdings Channel reports. The fund owned 7,326 shares of the company’s stock after buying an additional 100 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Kimberly-Clark were worth $960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi boosted its position in shares of Kimberly-Clark by 5.4% during the 4th quarter. Amundi now owns 2,401,501 shares of the company’s stock valued at $304,439,000 after acquiring an additional 122,312 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of Kimberly-Clark by 10.9% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,545 shares of the company’s stock valued at $333,000 after acquiring an additional 251 shares during the last quarter. Lifeworks Advisors LLC boosted its position in shares of Kimberly-Clark by 13.5% during the 4th quarter. Lifeworks Advisors LLC now owns 3,832 shares of the company’s stock valued at $502,000 after acquiring an additional 456 shares during the last quarter. Intellectus Partners LLC boosted its position in shares of Kimberly-Clark by 2.3% during the 4th quarter. Intellectus Partners LLC now owns 7,308 shares of the company’s stock valued at $967,000 after acquiring an additional 164 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $44,000. 76.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on KMB shares. JPMorgan Chase & Co. decreased their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company decreased 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. 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. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday. 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Stock Performance

KMB stock opened at $144.86 on Friday. The firm has a market cap of $48.05 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 4.46 and a beta of 0.36. 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 Co. has a twelve month low of $123.02 and a twelve month high of $149.31. The business’s fifty day simple moving average is $132.37 and its two-hundred day simple moving average is $136.52.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS 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%. Analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.48%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

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.