Schnieders Capital Management LLC Lowers Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Schnieders Capital Management LLC trimmed its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 25.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,762 shares of the company’s stock after selling 6,220 shares during the quarter. Schnieders Capital Management LLC’s holdings in Kimberly-Clark were worth $2,158,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KMB. Charles Schwab Investment Management Inc. raised its position 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 worth $869,090,000 after acquiring an additional 177,712 shares in the last quarter. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after buying an additional 641,187 shares during the last quarter. Morgan Stanley raised its stake in shares of 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 in the last quarter. Northern Trust Corp lifted its position in Kimberly-Clark by 4.0% during the third quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after acquiring an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Kimberly-Clark by 4.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after purchasing an additional 148,076 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KMB. Piper Sandler upped their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 price objective on shares of Kimberly-Clark in a report on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Wells Fargo & Company lifted their price target on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $131.85.

Insider Transactions at Kimberly-Clark

In related news, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at $100,050.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mark T. Smucker purchased 827 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $7.05 during midday trading on Tuesday, reaching $135.98. 5,773,469 shares of the stock were exchanged, compared to its average volume of 2,205,946. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94. The firm has a market cap of $45.81 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 3.77 and a beta of 0.40. The firm has a 50-day simple moving average of $124.78 and a two-hundred day simple moving average of $122.55. Kimberly-Clark Co. has a twelve month low of $116.32 and a twelve month high of $147.87.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The firm had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the company posted $1.54 EPS. The company’s revenue was up .7% on a year-over-year basis. As a group, analysts anticipate that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a $1.22 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is 93.85%.

About Kimberly-Clark

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.