Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP boosted its stake in Kimberly-Clark Co. (NYSE:KMB) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,213 shares of the company’s stock after purchasing an additional 231 shares during the period. Mission Wealth Management LP’s holdings in Kimberly-Clark were worth $390,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Kimberly-Clark in the 3rd quarter valued at about $25,000. Cranbrook Wealth Management LLC grew its position in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Centerpoint Advisors LLC raised its stake in Kimberly-Clark by 175.0% during the third quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after acquiring an additional 175 shares during the period. Wetzel Investment Advisors Inc. bought a new position in Kimberly-Clark in the fourth quarter worth about $35,000. Finally, Legacy Financial Group LLC bought a new position in shares of Kimberly-Clark during the third quarter valued at approximately $37,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the sale, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total transaction of $61,398.96. Following the sale, the insider now directly owns 520 shares in the company, valued at approximately $70,324.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock worth $2,808,345 in the last 90 days. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Piper Sandler boosted their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. The Goldman Sachs Group increased their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada boosted their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Three research 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 has a consensus rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Trading Down 0.3 %

Shares of NYSE:KMB opened at $136.10 on Friday. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $146.15. The firm has a fifty day moving average price of $127.19 and a 200 day moving average price of $123.33. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock has a market capitalization of $45.83 billion, a PE ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.08 billion. During the same quarter last year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts expect that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be paid a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. Kimberly-Clark’s payout ratio is presently 89.71%.

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.