Plancorp LLC Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Plancorp LLC lifted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,282 shares of the company’s stock after purchasing an additional 260 shares during the quarter. Plancorp LLC’s holdings in Kimberly-Clark were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mizuho Securities USA LLC lifted its position in Kimberly-Clark by 44.7% in the fourth quarter. Mizuho Securities USA LLC now owns 31,607 shares of the company’s stock worth $4,142,000 after buying an additional 9,767 shares during the last quarter. Virtu Financial LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $1,608,000. Quantbot Technologies LP bought a new stake in Kimberly-Clark in the fourth quarter worth $2,628,000. Millstone Evans Group LLC bought a new stake in Kimberly-Clark in the fourth quarter worth $119,000. Finally, Summit Global Investments lifted its position in Kimberly-Clark by 510.8% in the fourth quarter. Summit Global Investments now owns 58,371 shares of the company’s stock worth $7,649,000 after buying an additional 48,814 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was 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 in the company, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of several research analyst reports. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research report on Wednesday, January 8th. Citigroup decreased their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Piper Sandler reiterated an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, Wells Fargo & Company decreased their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

KMB opened at $138.31 on Friday. The business’s 50-day moving average is $134.84 and its two-hundred day moving average is $136.26. Kimberly-Clark Co. has a 1 year low of $123.84 and a 1 year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The firm has a market capitalization of $45.87 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36.

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, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced 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 represents a $5.04 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Kimberly-Clark Company 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.