10,867 Shares in Kimberly-Clark Corporation $KMB Acquired by Milestone Asset Management LLC

Milestone Asset Management LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, HoldingsChannel reports. The firm purchased 10,867 shares of the company’s stock, valued at approximately $1,096,000.

Several other large investors also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its holdings in Kimberly-Clark by 50.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after purchasing an additional 2,628,206 shares during the period. State Street Corp grew its holdings in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after buying an additional 997,397 shares in the last quarter. Marshall Wace LLP increased its holdings in Kimberly-Clark by 331.6% in the 3rd quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock valued at $137,724,000 after acquiring an additional 851,024 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of Kimberly-Clark by 52.0% in the third quarter. Federated Hermes Inc. now owns 2,406,849 shares of the company’s stock worth $299,268,000 after purchasing an additional 823,656 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Kimberly-Clark by 506.1% in the 4th quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after acquiring an additional 633,061 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $96.75 on Thursday. The business has a 50-day simple moving average of $101.61 and a 200-day simple moving average of $104.51. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The stock has a market cap of $32.11 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 3.71 and a beta of 0.28. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.05. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. On average, equities analysts expect that Kimberly-Clark Corporation will post 7.54 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a $1.28 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, March 6th. Kimberly-Clark’s payout ratio is currently 84.35%.

Insiders Place Their Bets

In related news, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Citigroup decreased their target price on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research report on Wednesday, January 14th. Piper Sandler lowered their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Barclays lowered their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. Finally, UBS Group dropped their target price on Kimberly-Clark from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $114.86.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.