Sierra Summit Advisors LLC Acquires 1,015 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sierra Summit Advisors LLC raised its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 34.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,987 shares of the company’s stock after buying an additional 1,015 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Kimberly-Clark were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Kimberly-Clark by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kimberly-Clark by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock worth $1,387,709,000 after buying an additional 529,223 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock worth $1,113,444,000 after buying an additional 797,953 shares during the last quarter. Norges Bank purchased a new stake in shares of Kimberly-Clark during the 4th quarter valued at $582,592,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Kimberly-Clark by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock worth $398,459,000 after acquiring an additional 30,312 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Price Performance

Shares of Kimberly-Clark stock opened at $134.39 on Tuesday. The company’s fifty day simple moving average is $137.71 and its two-hundred day simple moving average is $135.87. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The firm has a market cap of $44.57 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. As a group, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a $1.26 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.75%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. StockNews.com upgraded shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Barclays boosted their price objective on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $144.85.

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.