MOKAN Wealth Management Inc. Makes New $598,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

MOKAN Wealth Management Inc. purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,558 shares of the company's stock, valued at approximately $598,000.

Several other large investors also recently bought and sold shares of KMB. State Street Corp increased its holdings in Kimberly-Clark by 5.9% in the 3rd 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 in the last quarter. Sarasin & Partners LLP increased its holdings in Kimberly-Clark by 140.1% in the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company's stock worth $129,506,000 after buying an additional 576,610 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Kimberly-Clark by 1,427.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company's stock worth $77,284,000 after purchasing an additional 551,158 shares during the last quarter. Nordea Investment Management AB boosted its position in Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company's stock worth $358,625,000 after purchasing an additional 464,615 shares during the last quarter. Finally, Ilex Capital Partners UK LLP boosted its position in Kimberly-Clark by 140.0% in the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company's stock worth $94,278,000 after purchasing an additional 386,510 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Piper Sandler reissued an "overweight" rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group raised their target price on Kimberly-Clark from $132.00 to $134.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on Kimberly-Clark from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an "outperform" rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $143.64.

Kimberly-Clark Price Performance

NYSE KMB traded up $0.92 during trading hours on Thursday, reaching $138.85. The company's stock had a trading volume of 2,132,766 shares, compared to its average volume of 2,165,290. The firm's 50-day moving average price is $130.03 and its 200-day moving average price is $136.46. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $118.62 and a 1 year high of $149.30. The company has a market capitalization of $46.05 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 4.34 and a beta of 0.41.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting 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, equities research analysts predict that Kimberly-Clark Co. will post 7.51 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.63%. Kimberly-Clark's payout ratio is presently 66.75%.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now owns 5,053 shares of the company's stock, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company's stock.

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.