Balboa Wealth Partners Has $209,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Balboa Wealth Partners trimmed its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 5.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,597 shares of the company’s stock after selling 100 shares during the period. Balboa Wealth Partners’ holdings in Kimberly-Clark were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Aptus Capital Advisors LLC lifted its holdings in Kimberly-Clark by 23.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company’s stock worth $470,000 after purchasing an additional 634 shares during the last quarter. MQS Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth approximately $356,000. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Kimberly-Clark by 4.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company’s stock worth $1,379,000 after purchasing an additional 422 shares during the last quarter. ING Groep NV lifted its holdings in Kimberly-Clark by 0.5% in the 3rd quarter. ING Groep NV now owns 73,018 shares of the company’s stock worth $10,389,000 after purchasing an additional 340 shares during the last quarter. Finally, Intellectus Partners LLC lifted its holdings in Kimberly-Clark by 5.5% in the 3rd quarter. Intellectus Partners LLC now owns 7,144 shares of the company’s stock worth $1,025,000 after purchasing an additional 372 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB opened at $139.79 on Friday. The stock has a market cap of $46.36 billion, a PE ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $123.02 and a 1 year high of $150.45. The stock’s 50 day simple moving average is $133.53 and its 200-day simple moving average is $136.50.

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

Kimberly-Clark Increases Dividend

The business 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 represents a $5.04 dividend on an annualized basis and a yield of 3.61%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is 66.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. Wells Fargo & Company cut their price target 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. Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Citigroup cut their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Finally, UBS Group upped their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.

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.