Victory Capital Management Inc. Decreases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Victory Capital Management Inc. trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 960,639 shares of the company’s stock after selling 43,293 shares during the quarter. Victory Capital Management Inc. owned about 0.29% of Kimberly-Clark worth $125,882,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KMB. Thompson Siegel & Walmsley LLC raised its stake in Kimberly-Clark by 1.5% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock valued at $759,000 after purchasing an additional 77 shares during the period. Graypoint LLC increased its stake in shares of Kimberly-Clark by 1.5% in the third quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after acquiring an additional 78 shares during the last quarter. Truvestments Capital LLC increased its position in Kimberly-Clark by 2.7% during the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after buying an additional 78 shares during the last quarter. Confluence Wealth Services Inc. increased its position in Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after buying an additional 80 shares during the last quarter. Finally, YHB Investment Advisors Inc. increased its position in Kimberly-Clark by 3.4% during the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

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

Kimberly-Clark Price Performance

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

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, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

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

Analyst Ratings Changes

A number of research firms have issued reports on KMB. TD Cowen cut shares of 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. Barclays dropped their price target on shares of 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. Piper Sandler reaffirmed an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $143.64.

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.