Strong Tower Advisory Services Has $1.86 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Strong Tower Advisory Services grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 11.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,227 shares of the company’s stock after acquiring an additional 1,499 shares during the period. Strong Tower Advisory Services’ holdings in Kimberly-Clark were worth $1,864,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after purchasing an additional 1,083,824 shares during the period. Sarasin & Partners LLP increased its stake in shares of Kimberly-Clark by 140.1% in the fourth quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after buying an additional 576,610 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after acquiring an additional 551,158 shares during the last quarter. Marshall Wace LLP boosted its holdings in Kimberly-Clark by 48.4% in the second quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock valued at $213,539,000 after acquiring an additional 503,839 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in 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 purchasing an additional 464,615 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of a number of research analyst reports. TD Cowen lowered 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. Wells Fargo & Company decreased their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. UBS Group cut their target price on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler reduced their price objective on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average price target of $143.71.

Insider Activity at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now directly owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $127.33 on Monday. Kimberly-Clark Co. has a one year low of $117.67 and a one year high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The company’s fifty day moving average price is $132.41 and its 200-day moving average price is $137.98.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The company’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.74 EPS. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7.31 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 63.29%.

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.