Patton Albertson Miller Group LLC Decreases Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Patton Albertson Miller Group LLC lowered its stake in Kimberly-Clark Co. (NYSE:KMB) by 11.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,060 shares of the company’s stock after selling 755 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Kimberly-Clark were worth $794,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Kimberly-Clark during the second quarter worth about $26,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth about $29,000. DiNuzzo Private Wealth Inc. boosted its holdings in Kimberly-Clark by 808.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after buying an additional 202 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Kimberly-Clark during the 3rd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Kimberly-Clark during the third quarter valued at approximately $39,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on KMB shares. Piper Sandler dropped their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the company a “hold” rating in a research report on Tuesday, October 8th. UBS Group lowered their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $143.71.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

Kimberly-Clark Trading Up 1.1 %

Shares of Kimberly-Clark stock opened at $128.40 on Friday. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. The firm has a market capitalization of $42.82 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 3.53 and a beta of 0.41. The stock has a 50 day moving average of $131.85 and a 200 day moving average of $137.60.

Kimberly-Clark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is 63.29%.

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.