Asset Management One Co. Ltd. Sells 3,061 Shares of Kimberly-Clark Co. (NYSE:KMB)

Asset Management One Co. Ltd. lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 212,481 shares of the company’s stock after selling 3,061 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Kimberly-Clark were worth $28,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Kimberly-Clark by 808.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after purchasing an additional 202 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was 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 $702,417.53. This trade represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Down 1.9 %

Shares of KMB opened at $132.79 on Friday. Kimberly-Clark Co. has a 52 week low of $117.93 and a 52 week high of $149.30. The stock has a market capitalization of $44.28 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.12 and a beta of 0.41. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a fifty day moving average of $129.88 and a 200-day moving average of $136.57.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting 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, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.80%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 64.64%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. UBS Group increased their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Barclays reduced their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Finally, Piper Sandler reissued an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently 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.