Kimberly-Clark Corporation $KMB Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,779 shares of the company’s stock after selling 5,454 shares during the quarter. Dakota Wealth Management’s holdings in Kimberly-Clark were worth $2,198,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Kimberly-Clark by 186.9% in the third quarter. Assenagon Asset Management S.A. now owns 43,492 shares of the company’s stock valued at $5,408,000 after acquiring an additional 28,335 shares during the period. Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock worth $301,448,000 after purchasing an additional 58,978 shares during the period. Synergy Asset Management LLC increased its holdings in shares of Kimberly-Clark by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after purchasing an additional 19,130 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Kimberly-Clark by 5,751.6% during the 2nd quarter. Hudson Bay Capital Management LP now owns 94,211 shares of the company’s stock valued at $12,146,000 after purchasing an additional 92,601 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Kimberly-Clark by 3.7% in the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after purchasing an additional 14,386 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Trading Down 0.2%

Shares of NASDAQ:KMB opened at $98.66 on Friday. The business’s 50 day moving average price is $103.43 and its 200-day moving average price is $108.00. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $147.12. The firm has a market capitalization of $32.75 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 3.51 and a beta of 0.24. The company has a debt-to-equity ratio of 3.97, a current ratio of 0.75 and a quick ratio of 0.54.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.81 by $0.05. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 EPS. On average, equities research analysts forecast that Kimberly-Clark Corporation will post 7.5 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 Thursday, April 2nd. Stockholders of record on Friday, March 6th will be paid a dividend of $1.28 per share. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMB. Barclays set a $102.00 price target on shares of Kimberly-Clark in a report on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. UBS Group increased their target price on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Piper Sandler dropped their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, BNP Paribas Exane restated a “neutral” rating and issued a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $116.42.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.