Kimberly-Clark Corporation $KMB Stake Lifted by Pinkerton Wealth LLC

Pinkerton Wealth LLC increased its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,335 shares of the company’s stock after buying an additional 5,430 shares during the quarter. Pinkerton Wealth LLC’s holdings in Kimberly-Clark were worth $4,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KMB. Massachusetts Financial Services Co. MA grew its stake in Kimberly-Clark by 50.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock worth $790,934,000 after buying an additional 2,628,206 shares during the last quarter. State Street Corp grew its stake in Kimberly-Clark by 5.0% during the 3rd quarter. State Street Corp now owns 20,830,890 shares of the company’s stock worth $2,615,382,000 after buying an additional 997,397 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Kimberly-Clark by 331.6% in the third quarter. Marshall Wace LLP now owns 1,107,640 shares of the company’s stock worth $137,724,000 after purchasing an additional 851,024 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Kimberly-Clark by 52.0% in the third quarter. Federated Hermes Inc. now owns 2,406,849 shares of the company’s stock worth $299,268,000 after purchasing an additional 823,656 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of Kimberly-Clark by 506.1% in the fourth quarter. M&T Bank Corp now owns 758,154 shares of the company’s stock worth $76,490,000 after purchasing an additional 633,061 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kimberly-Clark

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

Wall Street Analysts Forecast Growth

KMB has been the subject of several recent analyst reports. Barclays decreased their price target on Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 14th. UBS Group increased their price target on Kimberly-Clark from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Bank of America decreased their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $114.93.

Kimberly-Clark Trading Up 1.1%

Shares of Kimberly-Clark stock opened at $97.55 on Thursday. 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 $32.38 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 4.33 and a beta of 0.29. The business has a fifty day simple moving average of $97.77 and a 200-day simple moving average of $101.55. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $144.30.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.04. The business 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%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share. On average, equities analysts forecast that Kimberly-Clark Corporation will post 7.48 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be issued a $1.28 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. Kimberly-Clark’s dividend payout ratio is 80.38%.

Kimberly-Clark Company 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.