Kimberly-Clark Co. (NYSE:KMB) Stock Holdings Increased by Advisory Services Network LLC

Advisory Services Network LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,584 shares of the company’s stock after buying an additional 6,190 shares during the period. Advisory Services Network LLC’s holdings in Kimberly-Clark were worth $2,697,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Marshall Investment Management LLC bought a new stake in shares of Kimberly-Clark during the 4th quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Kimberly-Clark in the 4th quarter worth about $25,000. Roxbury Financial LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth about $33,000. Golden State Wealth Management LLC purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $32,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMB shares. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $144.85.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is owned by company insiders.

Kimberly-Clark Price Performance

NYSE KMB opened at $137.42 on Friday. The company has a 50 day moving average price of $138.18 and a two-hundred day moving average price of $135.73. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The stock has a market capitalization of $45.57 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, equities analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a dividend of $1.26 per share. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.67%. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

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.