Signet Financial Management LLC Trims Stake in Kimberly-Clark Corporation $KMB

Signet Financial Management LLC lessened its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,028 shares of the company’s stock after selling 7,030 shares during the period. Signet Financial Management LLC’s holdings in Kimberly-Clark were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of KMB. Nordea Investment Management AB increased its position in shares of Kimberly-Clark by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after purchasing an additional 334,598 shares during the last quarter. Occidental Asset Management LLC lifted its position in Kimberly-Clark by 13.0% in the fourth quarter. Occidental Asset Management LLC now owns 17,718 shares of the company’s stock valued at $1,788,000 after buying an additional 2,043 shares during the last quarter. Tounjian Advisory Partners LLC boosted its stake in Kimberly-Clark by 3.2% during the fourth quarter. Tounjian Advisory Partners LLC now owns 8,712 shares of the company’s stock worth $879,000 after buying an additional 268 shares during the period. Clark & Stuart Inc increased its position in shares of Kimberly-Clark by 68.1% during the fourth quarter. Clark & Stuart Inc now owns 56,883 shares of the company’s stock valued at $5,814,000 after acquiring an additional 23,052 shares during the last quarter. Finally, Permanent Capital Management LP increased its position in shares of Kimberly-Clark by 172.8% during the fourth quarter. Permanent Capital Management LP now owns 8,187 shares of the company’s stock valued at $837,000 after acquiring an additional 5,186 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KMB. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Monday, December 29th. Piper Sandler dropped their target price on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Barclays set a $102.00 target price on Kimberly-Clark in a research report on Friday, January 16th. Citigroup decreased their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Finally, TD Cowen lowered their price target on Kimberly-Clark from $112.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of “Hold” and an average price target of $116.42.

Kimberly-Clark Stock Down 0.3%

Shares of KMB opened at $98.25 on Monday. The company’s 50-day simple moving average is $103.45 and its 200-day simple moving average is $108.93. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. Kimberly-Clark Corporation has a 1 year low of $96.26 and a 1 year high of $147.12. The stock has a market capitalization of $32.61 billion, a PE ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating 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 firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Analysts forecast that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be paid a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s payout ratio is presently 84.35%.

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.