Clifford Swan Investment Counsel LLC Has $992,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Clifford Swan Investment Counsel LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,161 shares of the company’s stock after acquiring an additional 343 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Kimberly-Clark were worth $992,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Kimberly-Clark by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after purchasing an additional 177,712 shares during the period. American Century Companies Inc. grew its position in Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after acquiring an additional 641,187 shares during the last quarter. Morgan Stanley grew its position in Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after acquiring an additional 212,739 shares during the last quarter. Northern Trust Corp grew its position in Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock worth $489,650,000 after acquiring an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Kimberly-Clark by 4.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock worth $415,068,000 after acquiring an additional 148,076 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares in the company, valued at $4,562,467.91. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the sale, the insider now owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katy Chen sold 454 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $135.24, for a total transaction of $61,398.96. Following the sale, the insider now directly owns 520 shares in the company, valued at approximately $70,324.80. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock worth $2,808,345 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

Shares of NYSE KMB traded down $0.12 during midday trading on Monday, reaching $135.97. The company’s stock had a trading volume of 1,796,209 shares, compared to its average volume of 2,221,649. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $145.67. The business’s 50 day moving average price is $127.48 and its two-hundred day moving average price is $123.44. The company has a market cap of $45.78 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.87 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. Royal Bank of Canada increased their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 24th. Barclays increased their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Piper Sandler increased their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $134.85.

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.