Pacer Advisors Inc. Has $5.88 Million Stake in Kimberly-Clark Co. (NYSE:KMB)

Pacer Advisors Inc. lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 32.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,905 shares of the company’s stock after selling 21,637 shares during the period. Pacer Advisors Inc.’s holdings in Kimberly-Clark were worth $5,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KMB. Wesbanco Bank Inc. lifted its holdings in Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares during the last quarter. My Legacy Advisors LLC raised its position in shares of Kimberly-Clark by 4.6% in the third quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after purchasing an additional 76 shares during the period. Thompson Siegel & Walmsley LLC lifted its stake in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after buying an additional 77 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Kimberly-Clark by 1.5% during the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after buying an additional 78 shares during the period. Finally, Truvestments Capital LLC grew its stake in Kimberly-Clark by 2.7% in the 3rd quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after buying an additional 78 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. 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. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a 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 report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $143.64.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. This trade represents a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $129.67 on Thursday. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The business has a fifty day simple moving average of $131.63 and a 200 day simple moving average of $137.41. The company has a market cap of $43.24 billion, a P/E ratio of 16.82, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal 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 $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.89%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Kimberly-Clark 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.