Schulhoff & Co. Inc. Sells 879 Shares of Kimberly-Clark Co. (NYSE:KMB)

Schulhoff & Co. Inc. lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 6.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,966 shares of the company’s stock after selling 879 shares during the period. Schulhoff & Co. Inc.’s holdings in Kimberly-Clark were worth $1,699,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KMB. Park Avenue Securities LLC boosted its holdings in Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the period. Pensionfund Sabic raised its position in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after buying an additional 4,000 shares in the last quarter. Barclays PLC boosted its stake in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the period. Aprio Wealth Management LLC grew its position in Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares in the last quarter. Finally, West Oak Capital LLC increased its stake in Kimberly-Clark by 20,377.6% during the 4th quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock worth $4,428,000 after acquiring an additional 33,623 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Up 0.8 %

NYSE:KMB opened at $140.28 on Friday. 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 Co. has a one year low of $120.53 and a one year high of $149.30. The firm’s 50 day simple moving average is $131.10 and its 200 day simple moving average is $136.50. The company has a market cap of $46.53 billion, a PE ratio of 18.58, a P/E/G ratio of 4.46 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s payout ratio is currently 66.75%.

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. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the topic of several analyst reports. 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. Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target 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. UBS Group lifted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays cut their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $143.64.

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.