Lindbrook Capital LLC Acquires 317 Shares of Kimberly-Clark Co. (NYSE:KMB)

Lindbrook Capital LLC raised its holdings in Kimberly-Clark Co. (NYSE:KMB) by 28.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,425 shares of the company’s stock after buying an additional 317 shares during the period. Lindbrook Capital LLC’s holdings in Kimberly-Clark were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KMB. FMR LLC lifted its position in Kimberly-Clark by 74.9% in the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after acquiring an additional 1,046,155 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the last quarter. Royal Bank of Canada grew its holdings in Kimberly-Clark by 31.4% during the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after buying an additional 524,632 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in Kimberly-Clark by 552.4% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 456,458 shares of the company’s stock valued at $55,163,000 after buying an additional 386,497 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Kimberly-Clark by 28.3% during the 4th 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 in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KMB. Wells Fargo & Company upped their target price on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Barclays boosted their target price on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. increased their price target on Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Finally, Piper Sandler boosted their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $131.85.

Kimberly-Clark Trading Up 1.6 %

Shares of Kimberly-Clark stock opened at $128.89 on Tuesday. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The stock has a market capitalization of $43.42 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $147.87. The stock’s 50-day simple moving average is $124.44 and its 200 day simple moving average is $122.43.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The business had revenue of $5 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The business’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts anticipate that Kimberly-Clark Co. will post 6.84 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.79%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly-Clark’s payout ratio is presently 93.85%.

Insider Buying and Selling

In related news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the transaction, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark 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.