IAG Wealth Partners LLC Has $73,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

IAG Wealth Partners LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 182.8% during the fourth quarter, HoldingsChannel reports. The fund owned 560 shares of the company’s stock after buying an additional 362 shares during the period. IAG Wealth Partners LLC’s holdings in Kimberly-Clark were worth $73,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the fourth quarter valued at $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the third quarter valued at $29,000. Roxbury Financial LLC bought a new position in Kimberly-Clark in the fourth quarter valued at $33,000. Finally, Golden State Wealth Management LLC bought a new position in Kimberly-Clark in the fourth quarter valued at $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of Kimberly-Clark stock in a transaction dated Friday, February 21st. The shares were 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 owns 2,553 shares in the company, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $139.88 on Thursday. The company has a market capitalization of $46.40 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 4.46 and a beta of 0.36. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a 50-day simple moving average of $133.14 and a 200 day simple moving average of $136.51. Kimberly-Clark Co. has a 52 week low of $123.02 and a 52 week high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.60%. Kimberly-Clark’s payout ratio is 66.75%.

Analysts Set New Price Targets

KMB has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group raised their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays decreased their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Citigroup decreased their price objective 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, JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark 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.