RKL Wealth Management LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

RKL Wealth Management LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,182 shares of the company's stock, valued at approximately $810,000.

Other hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC increased its holdings in Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic increased its stake in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after acquiring an additional 4,000 shares during the period. Barclays PLC increased its stake in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after acquiring an additional 273,813 shares during the period. Aprio Wealth Management LLC increased its stake in shares of Kimberly-Clark by 20.0% in the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock worth $366,000 after acquiring an additional 466 shares during the period. Finally, West Oak Capital LLC increased its stake in shares of Kimberly-Clark by 20,377.6% in the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock worth $4,428,000 after acquiring an additional 33,623 shares during the period. Institutional investors and hedge funds own 76.29% of the company's stock.

Analyst Ratings Changes

KMB has been the topic of several analyst reports. UBS Group increased their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a report on Friday, January 24th. TD Cowen lowered Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Barclays dropped their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Friday, January 17th. 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. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and a consensus price target of $143.64.

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Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company's stock.

Kimberly-Clark Stock Down 2.3 %

Shares of NYSE KMB traded down $3.38 during mid-day trading on Tuesday, hitting $144.02. The company had a trading volume of 2,507,282 shares, compared to its average volume of 2,045,741. 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 company has a market capitalization of $47.77 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The business's 50-day simple moving average is $132.96 and its 200 day simple moving average is $136.48. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

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.