McGlone Suttner Wealth Management Inc. Has $925,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

McGlone Suttner Wealth Management Inc. cut its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,616 shares of the company’s stock after selling 3,096 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Kimberly-Clark were worth $925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. West Tower Group LLC acquired a new stake in shares of Kimberly-Clark in the second quarter valued at approximately $25,000. OFI Invest Asset Management bought a new stake in shares of Kimberly-Clark during the third quarter worth $25,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Kimberly-Clark during the third quarter worth $26,000. Centerpoint Advisors LLC grew its stake in shares of Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Kimberly-Clark during the second quarter worth $34,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

KMB has been the topic of a number of research reports. Bank of America cut shares of Kimberly-Clark from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $135.00 to $115.00 in a research note on Friday, December 15th. The Goldman Sachs Group assumed coverage on shares of Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 target price on the stock. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday. Barclays dropped their target price on shares of Kimberly-Clark from $128.00 to $124.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. Finally, StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned 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 $132.27.

Kimberly-Clark Trading Up 1.6 %

Shares of KMB stock traded up $2.06 on Thursday, hitting $129.33. 3,204,117 shares of the company’s stock traded hands, compared to its average volume of 2,129,380. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The company’s fifty day simple moving average is $122.49 and its 200 day simple moving average is $121.99. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of 24.87, a P/E/G ratio of 3.96 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. Kimberly-Clark’s revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) 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.