Exchange Traded Concepts LLC Has $1.61 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Exchange Traded Concepts LLC lowered its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,300 shares of the company’s stock after selling 1,960 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Kimberly-Clark were worth $1,612,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMB. Piper Sandler lowered their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday. Barclays cut their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group lowered their price target on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $143.71.

Kimberly-Clark Stock Up 2.2 %

KMB opened at $131.27 on Tuesday. The stock has a fifty day moving average of $131.85 and a 200-day moving average of $137.56. The company has a market capitalization of $43.77 billion, a P/E ratio of 17.03, a P/E/G ratio of 3.53 and a beta of 0.41. 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.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 5,053 shares in the company, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

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.