ExodusPoint Capital Management LP Invests $26.16 Million in Kimberly-Clark Co. (NYSE:KMB)

ExodusPoint Capital Management LP purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 199,654 shares of the company's stock, valued at approximately $26,163,000. ExodusPoint Capital Management LP owned 0.06% of Kimberly-Clark at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of Kimberly-Clark by 77.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company's stock worth $1,807,000 after acquiring an additional 6,016 shares in the last quarter. Pensionfund Sabic increased its holdings in Kimberly-Clark by 45.5% during the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company's stock worth $1,677,000 after purchasing an additional 4,000 shares during the period. Barclays PLC raised its position in Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company's stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company's stock valued at $366,000 after buying an additional 466 shares during the period. Finally, West Oak Capital LLC grew its position in shares of Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company's stock worth $4,428,000 after buying an additional 33,623 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

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Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KMB shares. UBS Group raised their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Kimberly-Clark from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Royal Bank of Canada reissued an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Finally, Wells Fargo & Company increased their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of "Hold" and an average target price of $144.85.

Kimberly-Clark Price Performance

NYSE:KMB traded up $1.89 during mid-day trading on Tuesday, hitting $136.43. 632,025 shares of the company's stock traded hands, compared to its average volume of 2,136,935. Kimberly-Clark Co. has a 1 year low of $123.84 and a 1 year high of $150.45. The company has a market cap of $45.25 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm's 50 day simple moving average is $137.71 and its 200 day simple moving average is $135.87.

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

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders 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. This represents a $5.04 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Friday, March 7th. Kimberly-Clark's payout ratio 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.