Focus Partners Wealth Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Focus Partners Wealth increased its position in Kimberly-Clark Co. (NYSE:KMB) by 239.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,699 shares of the company’s stock after purchasing an additional 94,309 shares during the quarter. Focus Partners Wealth’s holdings in Kimberly-Clark were worth $17,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMB. Vanguard Group Inc. lifted its stake in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the period. Norges Bank purchased a new position in Kimberly-Clark during the fourth quarter valued at $582,592,000. First Trust Advisors LP raised its stake in Kimberly-Clark by 163.1% during the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock valued at $280,786,000 after buying an additional 1,328,341 shares during the last quarter. Invesco Ltd. raised its stake in Kimberly-Clark by 21.9% during the fourth quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after buying an additional 1,015,141 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Kimberly-Clark during the fourth quarter valued at $127,436,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $357,420. The trade was a 49.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katy Chen sold 740 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now directly owns 3,997 shares of the company’s stock, valued at $518,410.90. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,872 shares of company stock valued at $2,208,684 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Down 0.4%

Kimberly-Clark stock opened at $133.01 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 4.46 and a beta of 0.35. The stock has a fifty day simple moving average of $137.87 and a two-hundred day simple moving average of $134.71.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the company posted $2.01 earnings per share. Equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s payout ratio is currently 68.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. StockNews.com cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Evercore ISI lowered their price objective on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Piper Sandler lowered their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.08.

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.