By otakuyassine3@gmail.com 
Charles Schwab Trust Co grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB – Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,849 shares of the company’s stock after buying an additional 800 shares during the quarter. Charles Schwab Trust Co’s holdings in Kimberly-Clark were worth $897,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its position in shares of Kimberly-Clark by 4.1% during the second quarter. Thrivent Financial for Lutherans now owns 29,018 shares of the company’s stock valued at $4,010,000 after purchasing an additional 1,155 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Kimberly-Clark by 12.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 5,929 shares of the company’s stock valued at $827,000 after purchasing an additional 673 shares during the last quarter. Frank Rimerman Advisors LLC boosted its holdings in shares of Kimberly-Clark by 12,203.4% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock worth $493,000 after buying an additional 3,539 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in Kimberly-Clark by 44.5% during the second quarter. Fidelis Capital Partners LLC now owns 1,455 shares of the company’s stock worth $204,000 after buying an additional 448 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Kimberly-Clark by 30.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock worth $346,000 after acquiring an additional 594 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.
Insiders Place Their Bets
In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the transaction, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This trade represents a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.62% of the company’s stock.
Kimberly-Clark Price Performance
KMB stock opened at $127.33 on Tuesday. The stock has a market cap of $42.46 billion, a PE ratio of 16.51, a P/E/G ratio of 3.56 and a beta of 0.41. The firm has a 50 day simple moving average of $132.41 and a two-hundred day simple moving average of $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 one year low of $117.67 and a one year high of $149.30.
Kimberly-Clark (NYSE:KMB – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. During the same quarter in the prior year, the company posted $1.74 EPS. Kimberly-Clark’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Co. will post 7.32 EPS for the current fiscal year.
Kimberly-Clark Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 yield of 3.83%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on KMB shares. Piper Sandler decreased their price target on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Barclays cut their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Citigroup cut their target price 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. Finally, Wells Fargo & Company dropped their price target on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $143.71.
Check Out Our Latest Research Report on Kimberly-Clark
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.
Further Reading
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