Kestra Private Wealth Services LLC Increases Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Kestra Private Wealth Services LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,728 shares of the company's stock after purchasing an additional 4,997 shares during the period. Kestra Private Wealth Services LLC's holdings in Kimberly-Clark were worth $4,027,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KMB. State Street Corp increased its position in Kimberly-Clark by 5.9% during the third quarter. State Street Corp now owns 19,304,396 shares of the company's stock worth $2,768,367,000 after buying an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimberly-Clark by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company's stock valued at $1,431,443,000 after acquiring an additional 358,926 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimberly-Clark by 2.8% in the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company's stock valued at $1,092,388,000 after purchasing an additional 206,671 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock valued at $358,625,000 after purchasing an additional 464,615 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kimberly-Clark by 0.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company's stock worth $385,900,000 after acquiring an additional 20,953 shares during the period. Hedge funds and other institutional investors own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were 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 owns 5,053 shares of the company's stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

KMB has been the subject of several research analyst reports. UBS Group boosted their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. TD Cowen lowered 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 note on Wednesday, January 8th. StockNews.com lowered shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Stock Performance

Shares of KMB traded down $2.57 during trading hours on Friday, hitting $132.79. The company's stock had a trading volume of 1,976,447 shares, compared to its average volume of 2,159,368. The company has a market cap of $44.28 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.12 and a beta of 0.41. 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 business has a 50 day simple moving average of $129.88 and a two-hundred day simple moving average of $136.57. Kimberly-Clark Co. has a 52-week low of $117.93 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS 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%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.51 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared 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 is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.80%. Kimberly-Clark's dividend payout ratio is presently 64.64%.

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.