HBK Sorce Advisory LLC Has $882,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

HBK Sorce Advisory LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 11.6% during the 1st quarter, HoldingsChannel reports. The fund owned 6,203 shares of the company’s stock after acquiring an additional 646 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Kimberly-Clark were worth $882,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of KMB. Vanguard Group Inc. raised its stake in Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock valued at $1,387,709,000 after buying an additional 529,223 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kimberly-Clark by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock valued at $1,113,444,000 after buying an additional 797,953 shares during the period. Price T Rowe Associates Inc. MD grew its position in Kimberly-Clark by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,529,108 shares of the company’s stock worth $986,616,000 after buying an additional 417,118 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after acquiring an additional 1,015,141 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. This trade represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on KMB shares. Barclays cut their target price on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Piper Sandler decreased their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a report on Friday, April 11th. Wells Fargo & Company lifted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Finally, Wall Street Zen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and a consensus price target of $143.50.

Kimberly-Clark Stock Performance

Shares of Kimberly-Clark stock opened at $128.15 on Thursday. The company’s 50 day moving average price is $135.24 and its two-hundred day moving average price is $134.78. The firm has a market capitalization of $42.52 billion, a P/E ratio of 16.97, a P/E/G ratio of 4.46 and a beta of 0.38. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter last year, the business posted $2.01 EPS. On average, equities analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.93%. Kimberly-Clark’s dividend payout ratio is presently 68.66%.

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.