Kimberly-Clark Co. (NYSE:KMB) Shares Bought by West Oak Capital LLC

West Oak Capital LLC boosted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 20,377.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,788 shares of the company’s stock after purchasing an additional 33,623 shares during the period. Kimberly-Clark comprises approximately 1.3% of West Oak Capital LLC’s investment portfolio, making the stock its 14th biggest holding. West Oak Capital LLC’s holdings in Kimberly-Clark were worth $4,428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pensionfund Sabic lifted its position in Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares during the period. Barclays PLC increased its holdings in Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares in the last quarter. Vest Financial LLC increased its holdings in Kimberly-Clark by 6.5% in the third quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock valued at $49,409,000 after buying an additional 21,339 shares in the last quarter. Nordea Investment Management AB increased its holdings in Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after buying an additional 464,615 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in Kimberly-Clark by 206.8% in the fourth quarter. CWA Asset Management Group LLC now owns 11,096 shares of the company’s stock valued at $1,454,000 after buying an additional 7,479 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. 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. Finally, TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $147.57.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. This represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Down 1.7 %

NYSE:KMB traded down $2.21 on Friday, hitting $124.56. The stock had a trading volume of 2,279,979 shares, compared to its average volume of 1,892,846. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77. The stock has a market cap of $41.54 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 2.76 and a beta of 0.41. The company has a fifty day moving average price of $133.31 and a two-hundred day moving average price of $138.52. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, topping 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 firm 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 posted $1.74 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts expect that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.92%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Kimberly-Clark Company 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.