Core Wealth Partners LLC Has $600,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Core Wealth Partners LLC grew its position in Kimberly-Clark Co. (NYSE:KMB) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,577 shares of the company’s stock after acquiring an additional 511 shares during the period. Core Wealth Partners LLC’s holdings in Kimberly-Clark were worth $600,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of Kimberly-Clark in the fourth quarter worth $32,000. Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the fourth quarter valued at $33,000. Finally, Roxbury Financial LLC bought a new position in Kimberly-Clark during the 4th quarter worth $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KMB has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. UBS Group upped their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Stock Down 0.6 %

Shares of NYSE:KMB opened at $136.95 on Wednesday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week high of $150.45. The business’s 50 day simple moving average is $135.30 and its two-hundred day simple moving average is $136.04. The firm has a market cap of $45.42 billion, a P/E ratio of 18.14, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (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%. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.68%. Kimberly-Clark’s payout ratio is presently 66.75%.

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.