Sagespring Wealth Partners LLC bought a new stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,974 shares of the company's stock, valued at approximately $521,000.
A number of other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Kimberly-Clark in the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $32,000. Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $33,000. Finally, Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 76.29% of the company's stock.
Kimberly-Clark Stock Up 2.1 %
KMB stock traded up $2.98 during midday trading on Friday, reaching $142.68. 2,108,241 shares of the company's stock traded hands, compared to its average volume of 2,131,823. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm's fifty day moving average price is $139.52 and its 200-day moving average price is $135.71. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market cap of $47.32 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.46 and a beta of 0.37.
Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.
Kimberly-Clark Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.53%. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's dividend payout ratio is 66.75%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday, April 11th. Royal Bank of Canada reiterated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Thursday. Piper Sandler restated an "overweight" rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. 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, the company has an average rating of "Hold" and a consensus price target of $146.31.
Read Our Latest Stock Analysis on Kimberly-Clark
Insider Buying and Selling at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company's stock.
About Kimberly-Clark
(
Free Report)
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.
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