Kimberly-Clark Corporation $KMB Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC trimmed its holdings in Kimberly-Clark Corporation (NASDAQ:KMB) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,036 shares of the company’s stock after selling 5,222 shares during the quarter. Anchor Investment Management LLC’s holdings in Kimberly-Clark were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Godfrey Financial Associates Inc. acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark during the second quarter valued at $27,000. CrossGen Wealth LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at $27,000. Eagle Bay Advisors LLC purchased a new position in Kimberly-Clark in the fourth quarter valued at $28,000. Finally, Newbridge Financial Services Group Inc. raised its position in shares of Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after acquiring an additional 140 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

Shares of KMB opened at $102.56 on Friday. Kimberly-Clark Corporation has a 1-year low of $92.42 and a 1-year high of $137.46. The stock has a market cap of $34.04 billion, a PE ratio of 16.10, a P/E/G ratio of 4.60 and a beta of 0.28. The firm has a 50-day simple moving average of $98.48 and a two-hundred day simple moving average of $100.80. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the company posted $1.93 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,096 shares of company stock worth $689,687. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group raised their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler increased their target price on Kimberly-Clark from $115.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America decreased their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Four equities 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $115.43.

Kimberly-Clark 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.