Graypoint LLC Increases Stake in Kimberly-Clark Co. (NYSE:KMB)

Graypoint LLC raised its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,888 shares of the company’s stock after buying an additional 364 shares during the period. Graypoint LLC’s holdings in Kimberly-Clark were worth $351,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after purchasing an additional 13,806 shares during the last quarter. PFG Investments LLC raised its holdings in Kimberly-Clark by 11.2% in the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after purchasing an additional 209 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kimberly-Clark in the 4th quarter worth about $4,253,000. AE Wealth Management LLC boosted 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 valued at $29,103,000 after purchasing an additional 638 shares in the last quarter. Finally, Rockline Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter valued at about $1,661,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kimberly-Clark news, Director Mark T. Smucker acquired 827 shares of the company’s 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 acquisition, the director now owns 827 shares in the company, 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. Also, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 1.7 %

KMB stock opened at $123.89 on Monday. The business’s 50-day moving average is $123.75 and its two-hundred day moving average is $122.17. The company has a market cap of $41.74 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 3.73 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

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

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were issued a $1.22 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. This represents a $4.88 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is 93.85%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on KMB shares. Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, January 18th. Deutsche Bank Aktiengesellschaft boosted their target price on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday, March 28th. Piper Sandler raised their price target on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $123.00 price objective on shares of Kimberly-Clark in a research report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average 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.