Beverly Hills Private Wealth LLC Reduces Stake in Kimberly-Clark Co. (NYSE:KMB)

Beverly Hills Private Wealth LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,977 shares of the company’s stock after selling 630 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Kimberly-Clark were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Kimberly-Clark by 204.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after buying an additional 13,806 shares during the period. PFG Investments LLC lifted its holdings in Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after acquiring an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Kimberly-Clark in the 4th quarter worth approximately $4,253,000. AE Wealth Management LLC grew its stake in shares of Kimberly-Clark by 0.3% during the 3rd quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock worth $29,103,000 after purchasing an additional 638 shares during the period. Finally, Rockline Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at approximately $1,661,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark T. Smucker acquired 827 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Trading Up 1.3 %

Shares of KMB opened at $125.45 on Tuesday. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87. The stock has a market cap of $42.27 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 3.73 and a beta of 0.40. The firm’s fifty day moving average is $123.84 and its two-hundred day moving average is $122.20. The company has a quick ratio of 0.54, a current ratio of 0.82 and a debt-to-equity ratio of 6.94.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Research analysts forecast that Kimberly-Clark Co. will post 6.83 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Thursday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KMB. HSBC increased their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Piper Sandler upped their price target on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group initiated coverage on Kimberly-Clark in a research report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $132.43.

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.