Kestra Investment Management LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Kestra Investment Management LLC acquired a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,021 shares of the company’s stock, valued at approximately $572,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Kimberly-Clark by 7.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,971 shares of the company’s stock worth $269,000 after purchasing an additional 130 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Kimberly-Clark by 105.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,042 shares of the company’s stock valued at $282,000 after acquiring an additional 1,048 shares during the last quarter. DNB Asset Management AS grew its position in shares of Kimberly-Clark by 7.0% in the 2nd quarter. DNB Asset Management AS now owns 53,473 shares of the company’s stock valued at $7,390,000 after acquiring an additional 3,502 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Kimberly-Clark during the 2nd quarter worth about $49,000. Finally, Mather Group LLC. increased its stake in shares of Kimberly-Clark by 33.9% during the 2nd quarter. Mather Group LLC. now owns 6,351 shares of the company’s stock worth $821,000 after purchasing an additional 1,608 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at approximately $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.62% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on KMB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. Barclays lifted their target price on Kimberly-Clark from $135.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. UBS Group dropped their price target on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kimberly-Clark from $146.00 to $147.00 and gave the stock a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $149.93.

Kimberly-Clark Stock Performance

NYSE KMB opened at $139.35 on Monday. The firm has a 50-day moving average price of $138.49 and a two-hundred day moving average price of $139.30. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. The company has a market capitalization of $46.47 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.92 and a beta of 0.40. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 earnings per share. Analysts anticipate that Kimberly-Clark Co. will post 7.27 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 63.29%.

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.