Kimberly-Clark Co. (NYSE:KMB) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 43.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,335 shares of the company’s stock after selling 2,577 shares during the quarter. Atria Investments Inc’s holdings in Kimberly-Clark were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Aptus Capital Advisors LLC increased its stake in Kimberly-Clark by 23.7% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company’s stock worth $470,000 after buying an additional 634 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Kimberly-Clark by 4.6% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company’s stock worth $1,379,000 after buying an additional 422 shares during the period. Empirical Finance LLC increased its stake in Kimberly-Clark by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 11,690 shares of the company’s stock worth $1,663,000 after buying an additional 259 shares during the period. Empowered Funds LLC increased its stake in Kimberly-Clark by 40.2% during the 3rd quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock worth $7,686,000 after buying an additional 15,482 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in Kimberly-Clark by 68.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company’s stock worth $6,219,000 after buying an additional 17,749 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, Barclays dropped their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $143.64.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $139.79 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a fifty-two week low of $123.02 and a fifty-two week high of $150.45. The firm has a 50-day simple moving average of $133.53 and a 200 day simple moving average of $136.45. The company 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.

Kimberly-Clark (NYSE:KMB) last posted its earnings results 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 net margin of 12.69% and a return on equity of 201.43%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

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.