Kimberly-Clark Co. (NYSE:KMB) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its holdings in Kimberly-Clark Co. (NYSE:KMB) by 48.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,491 shares of the company’s stock after buying an additional 488 shares during the period. Lindbrook Capital LLC’s holdings in Kimberly-Clark were worth $195,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth about $25,000. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the 3rd quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth about $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at $357,420. This trade represents a 49.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.

Kimberly-Clark Stock Performance

Shares of NYSE:KMB opened at $144.86 on Friday. Kimberly-Clark Co. has a one year low of $123.02 and a one year high of $149.31. The business’s 50-day simple moving average is $132.37 and its 200 day simple moving average is $136.57. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market cap of $48.05 billion, a P/E ratio of 19.19, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. UBS Group raised their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $165.00 price objective on shares of Kimberly-Clark in a report on Friday, January 24th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Piper Sandler restated an “overweight” rating and issued a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $143.64.

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.