Cypress Capital Group Sells 1,749 Shares of Kimberly-Clark Co. (NYSE:KMB)

Cypress Capital Group reduced its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,412 shares of the company’s stock after selling 1,749 shares during the quarter. Cypress Capital Group’s holdings in Kimberly-Clark were worth $709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp lifted its position in shares of Kimberly-Clark by 5.9% during the 3rd quarter. State Street Corp now owns 19,304,396 shares of the company’s stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kimberly-Clark by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after buying an additional 529,223 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kimberly-Clark by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after buying an additional 206,671 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Kimberly-Clark by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock worth $398,459,000 after buying an additional 30,312 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after buying an additional 464,615 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KMB has been the subject of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. StockNews.com downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, Barclays dropped their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Trading Up 0.5 %

Shares of KMB stock opened at $141.79 on Thursday. The stock has a market cap of $47.03 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 4.46 and a beta of 0.36. The stock has a 50-day moving average of $131.92 and a 200-day moving average of $136.52. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $149.31.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.55%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the firm’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 sale, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

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.