Parsons Capital Management Inc. RI Has $677,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Parsons Capital Management Inc. RI lessened its position in shares of Kimberly-Clark Co. (NYSE:KMBFree Report) by 29.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,573 shares of the company’s stock after selling 2,280 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Kimberly-Clark were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMB. Fairfield Bush & CO. acquired a new stake in shares of Kimberly-Clark during the 1st quarter worth approximately $96,000. Sei Investments Co. grew its position in shares of Kimberly-Clark by 22.2% during the 1st quarter. Sei Investments Co. now owns 190,867 shares of the company’s stock worth $23,483,000 after buying an additional 34,646 shares during the period. Baird Financial Group Inc. grew its position in shares of Kimberly-Clark by 2.8% during the 1st quarter. Baird Financial Group Inc. now owns 292,834 shares of the company’s stock worth $36,066,000 after buying an additional 7,878 shares during the period. Merit Financial Group LLC grew its position in shares of Kimberly-Clark by 23.9% during the 1st quarter. Merit Financial Group LLC now owns 4,102 shares of the company’s stock worth $505,000 after buying an additional 791 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Kimberly-Clark by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 20,180 shares of the company’s stock worth $2,485,000 after buying an additional 4,503 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group assumed coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, January 18th. Piper Sandler increased their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $123.00 target price on shares of Kimberly-Clark in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $132.27.

View Our Latest Stock Analysis on KMB

Kimberly-Clark Trading Down 0.9 %

NYSE KMB opened at $127.69 on Wednesday. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 3.95 and a beta of 0.40. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The business’s fifty day moving average is $122.88 and its 200-day moving average is $122.03.

Kimberly-Clark (NYSE:KMBGet Free Report) last released its 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). The business had revenue of $5 billion for the quarter, compared to the consensus estimate of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Equities research analysts predict that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Friday, March 8th were issued a $1.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 3.82%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is 93.85%.

Insider Buying and Selling

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

About Kimberly-Clark

(Free Report)

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.

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Institutional Ownership by Quarter for Kimberly-Clark (NYSE:KMB)

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