MJP Associates Inc. ADV Takes $532,000 Position in Kimberly-Clark Co. (NYSE:KMB)

MJP Associates Inc. ADV acquired a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, HoldingsChannel reports. The firm acquired 4,059 shares of the company’s stock, valued at approximately $532,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Barclays PLC raised its stake in Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares during the last quarter. Principal Financial Group Inc. increased its position in Kimberly-Clark by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 416,419 shares of the company’s stock worth $59,248,000 after purchasing an additional 24,383 shares during the period. ORG Partners LLC increased its position in Kimberly-Clark by 86.5% during the 4th quarter. ORG Partners LLC now owns 429 shares of the company’s stock worth $57,000 after purchasing an additional 199 shares during the period. Harbor Capital Advisors Inc. increased its position in Kimberly-Clark by 2.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,866 shares of the company’s stock worth $638,000 after purchasing an additional 121 shares during the period. Finally, Czech National Bank increased its position in Kimberly-Clark by 5.4% during the 4th quarter. Czech National Bank now owns 72,307 shares of the company’s stock worth $9,475,000 after purchasing an additional 3,697 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katy Chen sold 740 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the sale, the insider now owns 3,997 shares of the company’s stock, valued at $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,872 shares of company stock valued at $2,208,684. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $133.01 on Monday. The business has a 50-day moving average of $137.87 and a two-hundred day moving average of $134.71. The firm has a market capitalization of $44.13 billion, a PE ratio of 17.62, a P/E/G ratio of 4.46 and a beta of 0.35. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.04. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same period last year, the business posted $2.01 EPS. As a group, research analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 68.66%.

Wall Street Analyst Weigh In

KMB has been the topic of several recent analyst reports. UBS Group boosted their target price on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Citigroup lowered their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Piper Sandler lowered their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, March 28th. Finally, Evercore ISI lowered their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.08.

Kimberly-Clark Company 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.