Kanawha Capital Management LLC Sells 5,477 Shares of Kimberly-Clark Corporation $KMB

Kanawha Capital Management LLC reduced its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,828 shares of the company’s stock after selling 5,477 shares during the period. Kanawha Capital Management LLC’s holdings in Kimberly-Clark were worth $3,211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its holdings in shares of Kimberly-Clark by 3.5% during the third quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock worth $321,000 after buying an additional 87 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares during the period. Bill Few Associates Inc. raised its stake in Kimberly-Clark by 2.2% in the 3rd quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock worth $595,000 after purchasing an additional 103 shares in the last quarter. NTV Asset Management LLC boosted its holdings in Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after purchasing an additional 103 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Kimberly-Clark by 1.8% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock worth $712,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Kimberly-Clark Stock Performance

NASDAQ:KMB opened at $96.75 on Thursday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $32.11 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.71 and a beta of 0.28. The company has a fifty day moving average of $101.61 and a 200-day moving average of $104.51.

Kimberly-Clark (NASDAQ:KMB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The company had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts anticipate that Kimberly-Clark Corporation will post 7.54 EPS for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th were paid a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend was Friday, March 6th. Kimberly-Clark’s payout ratio is 84.35%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KMB. Piper Sandler decreased their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Wells Fargo & Company reduced their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Bank of America dropped their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Finally, Barclays decreased their price target on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $114.86.

Kimberly-Clark Company Profile

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.