Orion Portfolio Solutions LLC Purchases 5,202 Shares of Kimberly-Clark Co. (NYSE:KMB)

Orion Portfolio Solutions LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 16.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,592 shares of the company’s stock after buying an additional 5,202 shares during the period. Orion Portfolio Solutions LLC’s holdings in Kimberly-Clark were worth $4,926,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in Kimberly-Clark by 8.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 433,713 shares of the company’s stock valued at $56,834,000 after purchasing an additional 34,249 shares in the last quarter. New Age Alpha Advisors LLC lifted its position in Kimberly-Clark by 8,322.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 9,770 shares of the company’s stock worth $1,280,000 after buying an additional 9,654 shares in the last quarter. Norges Bank acquired a new position in shares of Kimberly-Clark during the 4th quarter worth about $582,592,000. Loomis Sayles & Co. L P grew its holdings in shares of Kimberly-Clark by 665.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 38,313 shares of the company’s stock valued at $5,021,000 after acquiring an additional 33,310 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter worth about $739,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Stock Up 0.1 %

KMB stock opened at $140.73 on Friday. Kimberly-Clark Co. has a fifty-two week low of $123.84 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. The stock has a market capitalization of $46.67 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 4.46 and a beta of 0.36. The business’s fifty day moving average price is $136.12 and its two-hundred day moving average price is $135.98.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.58%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction on Friday, February 28th. The stock was 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 of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent analyst reports. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a research report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada restated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, Wells Fargo & Company lifted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday. 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’s stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus price target of $144.85.

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.