Gateway Investment Advisers LLC Sells 1,222 Shares of Kimberly-Clark Co. (NYSE:KMB)

Posted by on Mar 24th, 2023

Gateway Investment Advisers LLC cut its position in shares of Kimberly-Clark Co. (NYSE:KMB – Get Rating) by 16.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,270 shares of the company’s stock after selling 1,222 shares during the period. Gateway Investment Advisers LLC’s holdings in Kimberly-Clark were worth $851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC increased its position in shares of Kimberly-Clark by 97.1% during the third quarter. Los Angeles Capital Management LLC now owns 3,707 shares of the company’s stock valued at $417,000 after purchasing an additional 1,826 shares during the period. LVM Capital Management Ltd. MI grew its position in Kimberly-Clark by 7.6% in the third quarter. LVM Capital Management Ltd. MI now owns 2,259 shares of the company’s stock valued at $254,000 after acquiring an additional 160 shares during the period. CBOE Vest Financial LLC grew its position in Kimberly-Clark by 0.6% in the third quarter. CBOE Vest Financial LLC now owns 68,578 shares of the company’s stock valued at $7,718,000 after acquiring an additional 440 shares during the period. Stock Yards Bank & Trust Co. grew its position in Kimberly-Clark by 94.8% in the second quarter. Stock Yards Bank & Trust Co. now owns 14,094 shares of the company’s stock valued at $1,905,000 after acquiring an additional 6,860 shares during the period. Finally, Wealthspire Advisors LLC grew its position in Kimberly-Clark by 7.3% in the third quarter. Wealthspire Advisors LLC now owns 10,019 shares of the company’s stock valued at $1,128,000 after acquiring an additional 685 shares during the period. 74.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $124.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 26th. Barclays lowered their price target on Kimberly-Clark from $146.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Wells Fargo & Company decreased their target price on Kimberly-Clark from $135.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, January 26th. Jefferies Financial Group cut Kimberly-Clark from a “buy” rating to a “hold” rating and increased their target price for the stock from $137.00 to $139.00 in a report on Wednesday, January 4th. Finally, UBS Group increased their target price on Kimberly-Clark from $129.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $128.09.

Kimberly-Clark Trading Down 0.0 %

Shares of KMB opened at $127.37 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.78 and a debt-to-equity ratio of 10.83. Kimberly-Clark Co. has a 12-month low of $108.74 and a 12-month high of $144.53. The firm has a market capitalization of $42.98 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 2.20 and a beta of 0.39. The stock’s fifty day simple moving average is $128.63 and its 200-day simple moving average is $127.57.

Kimberly-Clark (NYSE:KMB – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.03. Kimberly-Clark had a return on equity of 264.67% and a net margin of 9.59%. The business had revenue of $4.96 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the firm posted $1.30 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, research analysts predict that Kimberly-Clark Co. will post 5.92 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 10th will be paid a $1.18 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $4.72 annualized dividend and a yield of 3.71%. Kimberly-Clark’s dividend payout ratio is presently 82.52%.

About Kimberly-Clark

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Kimberly-Clark Corp. engages in the manufacture and marketing of products made from natural or synthetic fibers. It operates through the following segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swim pants, baby wipes, feminine and incontinence care products, and other related products.

See Also

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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