Cyndeo Wealth Partners LLC Raises Stake in Kimberly-Clark Co. (NYSE:KMB)

Cyndeo Wealth Partners LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,413 shares of the company’s stock after buying an additional 116 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Kimberly-Clark were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of KMB. Park Avenue Securities LLC raised its stake in shares of Kimberly-Clark by 77.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic increased its stake in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC increased its stake in shares of Kimberly-Clark by 19.4% in the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock worth $239,267,000 after acquiring an additional 273,813 shares during the last quarter. Vest Financial LLC increased its stake in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after acquiring an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its holdings in shares of Kimberly-Clark by 20.0% during the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents 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 through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays lowered their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. UBS Group cut their target price on Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price on Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company cut their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Friday. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $143.71.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $128.40 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77. Kimberly-Clark Co. has a 1 year low of $117.67 and a 1 year high of $149.30. The business has a fifty day simple moving average of $131.85 and a 200 day simple moving average of $137.60. The firm has a market cap of $42.82 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 3.53 and a beta of 0.41.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.80%. Kimberly-Clark’s dividend payout ratio (DPR) 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.