Fisher Asset Management LLC Has $6.09 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Fisher Asset Management LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,139 shares of the company’s stock after buying an additional 2,078 shares during the quarter. Fisher Asset Management LLC’s holdings in Kimberly-Clark were worth $6,092,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after purchasing an additional 13,806 shares during the period. PFG Investments LLC raised its stake in shares of Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $4,253,000. Rockline Wealth Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $1,661,000. Finally, Nordea Investment Management AB boosted its stake in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after acquiring an additional 368,505 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $135.97 on Tuesday. The company has a fifty day moving average price of $127.78 and a 200 day moving average price of $123.53. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $145.67. The firm has a market cap of $45.78 billion, a PE ratio of 24.99, a PEG ratio of 3.87 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

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

Kimberly-Clark Dividend Announcement

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

Insider Activity at Kimberly-Clark

In other news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were 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 in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now owns 795 shares of the company’s stock, valued at approximately $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,562 shares of company stock valued at $2,808,345. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMB. The Goldman Sachs Group increased their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Bank of America lifted their price objective on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research note on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $134.85.

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.