Summit Investment Advisors Inc. Acquires 426 Shares of Kimberly-Clark Co. (NYSE:KMB)

Summit Investment Advisors Inc. lifted its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,626 shares of the company’s stock after purchasing an additional 426 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Kimberly-Clark were worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark during the 4th quarter worth about $25,000. Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the 4th quarter valued at about $32,000. Finally, Synergy Asset Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $35,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group increased their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price target on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.38.

Kimberly-Clark Trading Down 1.2 %

Shares of KMB opened at $139.73 on Thursday. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The firm has a market cap of $46.34 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.37. The business’s fifty day moving average is $139.11 and its 200-day moving average is $135.75.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) 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.