Significant Wealth Partners LLC Purchases New Shares in Kimberly-Clark Co. (NYSE:KMB)

Significant Wealth Partners LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,664 shares of the company’s stock, valued at approximately $324,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KMB. Sequoia Financial Advisors LLC increased its position in shares of Kimberly-Clark by 204.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after purchasing an additional 13,806 shares during the last quarter. PFG Investments LLC increased its position in shares of Kimberly-Clark by 11.2% during the 3rd quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Kimberly-Clark during the 4th quarter worth $4,253,000. Rockline Wealth Management LLC bought a new position in shares of Kimberly-Clark during the 4th quarter worth $1,661,000. Finally, Nordea Investment Management AB grew its stake in shares of Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after acquiring an additional 368,505 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares of the company’s stock, valued at $100,050.46. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares of the company’s stock, valued at $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark T. Smucker purchased 827 shares of the business’s stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on KMB. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Wells Fargo & Company increased their price target on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 28th. HSBC increased their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, Barclays increased their price target on Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $131.85.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $128.89 on Tuesday. The firm has a market cap of $43.42 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87. The business’s 50 day moving average price is $124.44 and its 200-day moving average price is $122.43. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business had revenue of $5 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the business posted $1.54 earnings per share. Kimberly-Clark’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 6.84 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.79%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Thursday, March 7th. Kimberly-Clark’s payout ratio is 93.85%.

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.