MJP Associates Inc. ADV Buys Shares of 4,059 Kimberly-Clark Co. (NYSE:KMB)

MJP Associates Inc. ADV purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,059 shares of the company’s stock, valued at approximately $532,000.

A number of other institutional investors also recently modified their holdings of KMB. Barclays PLC lifted its holdings in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after purchasing an additional 273,813 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Kimberly-Clark by 6.2% in the third quarter. Principal Financial Group Inc. now owns 416,419 shares of the company’s stock valued at $59,248,000 after purchasing an additional 24,383 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Kimberly-Clark by 86.5% in the fourth quarter. ORG Partners LLC now owns 429 shares of the company’s stock valued at $57,000 after purchasing an additional 199 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Kimberly-Clark by 2.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 4,866 shares of the company’s stock valued at $638,000 after purchasing an additional 121 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of Kimberly-Clark by 5.4% in the fourth quarter. Czech National Bank now owns 72,307 shares of the company’s stock valued at $9,475,000 after purchasing an additional 3,697 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KMB shares. Wells Fargo & Company upped their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, March 28th. Piper Sandler dropped their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Citigroup dropped their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Evercore ISI dropped their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays dropped their target price on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $145.08.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $133.01 on Monday. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business’s 50 day simple moving average is $137.87 and its 200 day simple moving average is $134.71. The company has a market cap of $44.13 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 4.46 and a beta of 0.35.

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

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a dividend yield of 3.79%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Insiders Place Their Bets

In related news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the transaction, the insider now owns 3,997 shares of the company’s stock, valued at $518,410.90. This represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Drexler sold 10,838 shares of the 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 completion of the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,872 shares of company stock worth $2,208,684 over the last 90 days. Corporate insiders own 0.64% of the company’s stock.

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.