McGlone Suttner Wealth Management Inc. Cuts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

McGlone Suttner Wealth Management Inc. lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 28.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,616 shares of the company’s stock after selling 3,096 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Kimberly-Clark were worth $925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in shares of Kimberly-Clark during the first quarter worth $96,000. Sei Investments Co. boosted its position in shares of Kimberly-Clark by 22.2% during the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock valued at $23,483,000 after acquiring an additional 34,646 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Kimberly-Clark by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock valued at $36,066,000 after acquiring an additional 7,878 shares during the last quarter. Merit Financial Group LLC boosted its position in shares of Kimberly-Clark by 23.9% during the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock valued at $505,000 after acquiring an additional 791 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Kimberly-Clark by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,503 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Piper Sandler boosted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday. HSBC upped their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a research report on Thursday. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their target price for the company from $133.00 to $150.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $132.27.

Insider Buying and Selling

In related news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now directly owns 827 shares in the company, valued at $100,050.46. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock traded up $2.06 during trading hours on Thursday, hitting $129.33. The stock had a trading volume of 3,204,117 shares, compared to its average volume of 2,129,380. The firm has a market capitalization of $43.57 billion, a PE ratio of 24.87, a PEG ratio of 3.96 and a beta of 0.40. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87. The stock’s 50 day moving average is $122.49 and its 200 day moving average is $121.99. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. Kimberly-Clark’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. As a group, research analysts forecast that Kimberly-Clark Co. will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a dividend yield of 3.77%. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

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.