Signet Financial Management LLC Takes $1.64 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Signet Financial Management LLC purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,476 shares of the company’s stock, valued at approximately $1,637,000.

Several other large investors have also modified their holdings of KMB. Sequoia Financial Advisors LLC boosted its position in Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock worth $2,500,000 after acquiring an additional 13,806 shares during the last quarter. PFG Investments LLC boosted its position in Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after acquiring an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $4,253,000. AE Wealth Management LLC boosted its position in Kimberly-Clark by 0.3% during the third quarter. AE Wealth Management LLC now owns 240,819 shares of the company’s stock worth $29,103,000 after acquiring an additional 638 shares during the last quarter. Finally, Rockline Wealth Management LLC acquired a new stake in Kimberly-Clark during the fourth quarter worth approximately $1,661,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KMB shares. Piper Sandler raised their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their target price on shares of Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. HSBC increased their price target on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Evercore ISI raised shares of 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. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $132.43.

Kimberly-Clark Stock Performance

Shares of KMB stock opened at $125.28 on Wednesday. The company’s fifty day simple moving average is $123.91 and its 200-day simple moving average is $122.23. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. The company has a market cap of $42.21 billion, a PE ratio of 24.09, a P/E/G ratio of 3.77 and a beta of 0.40.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s dividend payout ratio (DPR) is currently 93.85%.

Kimberly-Clark 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.