Aspire Private Capital LLC Raises Position in Kimberly-Clark Co. (NYSE:KMB)

Aspire Private Capital LLC grew its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,991 shares of the company’s stock after acquiring an additional 215 shares during the quarter. Aspire Private Capital LLC’s holdings in Kimberly-Clark were worth $785,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thrivent Financial for Lutherans raised its position in 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 during the period. Frank Rimerman Advisors LLC increased its holdings in Kimberly-Clark by 12,203.4% during the second quarter. Frank Rimerman Advisors LLC now owns 3,568 shares of the company’s stock valued at $493,000 after buying an additional 3,539 shares during the period. Fidelis Capital Partners LLC lifted its stake in shares of Kimberly-Clark by 44.5% during the 2nd quarter. Fidelis Capital Partners LLC now owns 1,455 shares of the company’s stock worth $204,000 after purchasing an additional 448 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Kimberly-Clark by 30.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,565 shares of the company’s stock valued at $346,000 after buying an additional 594 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Kimberly-Clark by 72.5% in the second quarter. Public Sector Pension Investment Board now owns 12,928 shares of the company’s stock worth $1,787,000 after purchasing an additional 5,434 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KMB. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a report on Wednesday, October 23rd. UBS Group decreased their price target on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Piper Sandler cut their target price on Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, TD Cowen lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.71.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 3,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $126.47 on Wednesday. The stock has a market cap of $42.18 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.41. The business’s 50 day moving average is $132.29 and its 200-day moving average is $137.91. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $5.06 billion. During the same period in the prior year, the business posted $1.74 earnings per share. Kimberly-Clark’s revenue was down 3.5% compared to the same quarter last year. On average, analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.86%. Kimberly-Clark’s dividend payout ratio is currently 63.29%.

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.