Northwestern Mutual Wealth Management Co. Raises Position in Kimberly-Clark Corporation $KMB

Northwestern Mutual Wealth Management Co. raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 16.3% during the fourth quarter, HoldingsChannel reports. The firm owned 56,531 shares of the company’s stock after buying an additional 7,922 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Kimberly-Clark were worth $5,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Greatmark Investment Partners Inc. raised its position in Kimberly-Clark by 2.9% during the fourth quarter. Greatmark Investment Partners Inc. now owns 3,533 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares during the period. Oregon Public Employees Retirement Fund raised its position in Kimberly-Clark by 0.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,999 shares of the company’s stock valued at $3,834,000 after purchasing an additional 100 shares during the period. ORG Wealth Partners LLC raised its position in Kimberly-Clark by 15.2% during the fourth quarter. ORG Wealth Partners LLC now owns 864 shares of the company’s stock valued at $87,000 after purchasing an additional 114 shares during the period. Advyzon Investment Management LLC raised its position in Kimberly-Clark by 5.0% during the third quarter. Advyzon Investment Management LLC now owns 2,444 shares of the company’s stock valued at $304,000 after purchasing an additional 117 shares during the period. Finally, Tyche Wealth Partners LLC raised its position in Kimberly-Clark by 3.9% during the fourth quarter. Tyche Wealth Partners LLC now owns 3,543 shares of the company’s stock valued at $358,000 after purchasing an additional 132 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 4,095 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total transaction of $401,310.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Katy Chen sold 1,596 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider owned 8,362 shares of the company’s stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,096 shares of company stock valued at $689,687. 0.75% of the stock is owned by company insiders.

Kimberly-Clark Stock Down 2.8%

Kimberly-Clark stock opened at $94.76 on Thursday. The business has a fifty day moving average of $97.57 and a two-hundred day moving average of $101.14. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The firm has a market cap of $31.45 billion, a P/E ratio of 14.88, a P/E/G ratio of 4.37 and a beta of 0.28. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $140.39.

Kimberly-Clark (NASDAQ:KMB) last posted its earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.04. The company had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.09 billion. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.Kimberly-Clark’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. On average, analysts forecast that Kimberly-Clark Corporation will post 7.48 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. The ex-dividend date is Friday, June 5th. This represents a $5.12 dividend on an annualized basis and a yield of 5.4%. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KMB. Piper Sandler cut their target price on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. UBS Group upped their target price on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Bank of America cut their target price on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.