3,932 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 3,932 shares of the company's stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Kimberly-Clark by 3.2% during the third quarter. FMR LLC now owns 572,463 shares of the company's stock worth $81,450,000 after acquiring an additional 17,919 shares during the period. HighTower Advisors LLC increased its holdings in shares of Kimberly-Clark by 2.5% in the 3rd quarter. HighTower Advisors LLC now owns 141,612 shares of the company's stock valued at $20,164,000 after purchasing an additional 3,514 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Kimberly-Clark by 4.2% during the 3rd quarter. Janus Henderson Group PLC now owns 47,338 shares of the company's stock worth $6,735,000 after buying an additional 1,900 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Kimberly-Clark by 23.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 25,962 shares of the company's stock worth $3,694,000 after purchasing an additional 4,873 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in Kimberly-Clark by 27.1% during the third quarter. IHT Wealth Management LLC now owns 7,115 shares of the company's stock worth $1,013,000 after buying an additional 1,517 shares in the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on KMB. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 price objective on shares of Kimberly-Clark in a research report on Friday, January 24th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a research report on Wednesday, January 8th. Piper Sandler reissued an "overweight" rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, StockNews.com raised Kimberly-Clark from a "hold" rating to a "buy" rating in a research report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $144.85.

Kimberly-Clark Stock Performance

Shares of NYSE KMB traded up $1.97 during mid-day trading on Wednesday, hitting $135.25. The company had a trading volume of 2,436,408 shares, compared to its average volume of 2,149,761. Kimberly-Clark Co. has a 12 month low of $123.84 and a 12 month high of $150.45. The stock has a market cap of $44.86 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm's 50 day simple moving average is $138.05 and its two-hundred day simple moving average is $135.76.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.26 dividend. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.73%. Kimberly-Clark's dividend payout ratio is presently 66.75%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total transaction of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company's stock.

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.