Exeter Financial LLC Has $1.15 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Exeter Financial LLC raised its position in Kimberly-Clark Co. (NYSE:KMB) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,741 shares of the company’s stock after buying an additional 400 shares during the quarter. Exeter Financial LLC’s holdings in Kimberly-Clark were worth $1,145,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KMB. State Street Corp grew its stake in shares of Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,060,744 shares of the company’s stock worth $1,431,443,000 after purchasing an additional 358,926 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimberly-Clark by 2.8% during the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock worth $1,092,388,000 after purchasing an additional 206,671 shares during the period. Nordea Investment Management AB increased its holdings in shares of Kimberly-Clark by 20.4% during the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after purchasing an additional 464,615 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kimberly-Clark by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,258 shares of the company’s stock valued at $385,900,000 after buying an additional 20,953 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMB. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 23rd. Piper Sandler decreased their price target on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Wednesday, October 23rd. UBS Group decreased their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and an average price target of $147.57.

Kimberly-Clark Trading Up 0.7 %

Shares of NYSE KMB opened at $125.35 on Tuesday. The stock has a market cap of $41.80 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.41. The firm has a 50 day moving average price of $132.94 and a two-hundred day moving average price of $138.31. The company has a debt-to-equity ratio of 4.77, a quick ratio of 0.55 and a current ratio of 0.83. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $1.74 EPS. As a group, equities analysts forecast that Kimberly-Clark Co. will post 7.27 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the transaction, the vice president now owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.