Evoke Wealth LLC Invests $272,000 in Kimberly-Clark Co. (NYSE:KMB)

Evoke Wealth LLC purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,062 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kimberly-Clark by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,589,967 shares of the company’s stock valued at $1,387,709,000 after acquiring an additional 529,223 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kimberly-Clark by 2.8% in the third quarter. Geode Capital Management LLC now owns 7,675,506 shares of the company’s stock valued at $1,092,388,000 after acquiring an additional 206,671 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Kimberly-Clark by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,040,747 shares of the company’s stock valued at $398,459,000 after acquiring an additional 30,312 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Kimberly-Clark by 20.4% in the fourth quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock valued at $358,625,000 after acquiring an additional 464,615 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total value of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on KMB. Barclays reduced their target price on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group increased their price target on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $139.75 on Thursday. The firm has a market capitalization of $46.35 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.36. The stock’s 50 day moving average is $134.31 and its 200-day moving average is $136.37. Kimberly-Clark Co. has a twelve month low of $123.02 and a twelve month high of $150.45. 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 released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is presently 66.75%.

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.