NewEdge Wealth LLC Lowers Position in Kimberly-Clark Co. (NYSE:KMB)

NewEdge Wealth LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 97.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,354 shares of the company’s stock after selling 85,045 shares during the quarter. NewEdge Wealth LLC’s holdings in Kimberly-Clark were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KMB. OFI Invest Asset Management purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth $25,000. Cranbrook Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the period. Centerpoint Advisors LLC grew its holdings in shares of Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after purchasing an additional 175 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of Kimberly-Clark during the 2nd quarter worth $34,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Kimberly-Clark during the 3rd quarter worth $37,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler raised their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada restated a “sector perform” rating and set a $123.00 target price on shares of Kimberly-Clark in a report on Thursday, March 28th. Wells Fargo & Company raised their target price on Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a report on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their target price for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.85.

Insider Transactions at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the firm’s 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 sale, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the transaction, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $125.96 on Thursday. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87. The firm has a market capitalization of $42.44 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.77 and a beta of 0.40. The business’s 50-day moving average is $124.01 and its two-hundred day moving average is $122.26.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, March 7th. 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%.

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.