Premier Path Wealth Partners LLC Purchases Shares of 1,736 Kimberly-Clark Co. (NYSE:KMB)

Premier Path Wealth Partners LLC acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,736 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in 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 buying an additional 1,083,824 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Kimberly-Clark by 1,427.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after acquiring an additional 551,158 shares in the last quarter. Marshall Wace LLP grew its position in Kimberly-Clark by 48.4% during the 2nd quarter. Marshall Wace LLP now owns 1,545,147 shares of the company’s stock worth $213,539,000 after acquiring an additional 503,839 shares during the last quarter. Nordea Investment Management AB increased its holdings in Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after purchasing an additional 464,615 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its position in Kimberly-Clark by 140.0% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock valued at $94,278,000 after purchasing an additional 386,510 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KMB. Piper Sandler decreased their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Citigroup lowered their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Barclays reduced their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday. TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.71.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction that occurred 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 of the company’s stock, valued at approximately $702,417.53. The trade was a 37.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Stock Up 0.5 %

Kimberly-Clark stock opened at $127.33 on Monday. The firm has a market capitalization of $42.46 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.69 and a beta of 0.41. The company’s 50 day simple moving average is $132.41 and its 200 day simple moving average is $137.98. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. Kimberly-Clark Co. has a fifty-two week low of $117.67 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.31 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

Kimberly-Clark 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.