Radnor Capital Management LLC Lowers Stake in Kimberly-Clark Co. (NYSE:KMB)

Radnor Capital Management LLC trimmed its holdings in Kimberly-Clark Co. (NYSE:KMB) by 44.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,811 shares of the company’s stock after selling 3,100 shares during the period. Radnor Capital Management LLC’s holdings in Kimberly-Clark were worth $499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in KMB. Acropolis Investment Management LLC increased its position in Kimberly-Clark by 4.2% in the 4th quarter. Acropolis Investment Management LLC now owns 11,516 shares of the company’s stock valued at $1,509,000 after acquiring an additional 466 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after purchasing an additional 6,016 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Kimberly-Clark by 1,427.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after purchasing an additional 551,158 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $930,000. Finally, Rockland Trust Co. grew its position in Kimberly-Clark by 0.4% in the 4th quarter. Rockland Trust Co. now owns 75,338 shares of the company’s stock valued at $9,872,000 after buying an additional 301 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KMB has been the subject of several recent analyst reports. Piper Sandler reduced their target price on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.07.

Insider Activity

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

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $125.60 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. The company’s 50-day moving average price is $132.77 and its 200 day moving average price is $138.22. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30. The stock has a market cap of $41.89 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.76 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. During the same period in the prior year, the business earned $1.74 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a $1.22 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. Kimberly-Clark’s dividend payout ratio (DPR) is 63.29%.

Kimberly-Clark Profile

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.