Harbour Investment Management LLC Trims Holdings in Kimberly-Clark Co. (NYSE:KMB)

Harbour Investment Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,256 shares of the company’s stock after selling 100 shares during the period. Harbour Investment Management LLC’s holdings in Kimberly-Clark were worth $2,282,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Marshall Investment Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $25,000. Darwin Wealth Management LLC purchased a new position in Kimberly-Clark during the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC purchased a new position in Kimberly-Clark during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on KMB shares. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. reduced their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. 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 reduced their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Finally, Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Stock Performance

KMB stock opened at $139.79 on Friday. The stock has a market capitalization of $46.36 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The stock’s 50 day simple moving average is $133.53 and its 200 day simple moving average is $136.50.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share 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 issued a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

Insider Activity

In other news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction 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 transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

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.