Peak Retirement Planning Inc. Has $2.04 Million Stock Holdings in Kimberly-Clark Corporation $KMB

Peak Retirement Planning Inc. raised its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 43.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,187 shares of the company’s stock after buying an additional 6,069 shares during the quarter. Peak Retirement Planning Inc.’s holdings in Kimberly-Clark were worth $2,037,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMB. Citigroup Inc. boosted its position in shares of Kimberly-Clark by 3.7% during the 3rd quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock worth $49,690,000 after acquiring an additional 14,386 shares in the last quarter. Jain Global LLC acquired a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $11,973,000. Nordea Investment Management AB boosted its position in shares of Kimberly-Clark by 13.7% during the 4th quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock worth $281,258,000 after acquiring an additional 334,598 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Kimberly-Clark by 37.9% during the 3rd quarter. Jefferies Financial Group Inc. now owns 93,076 shares of the company’s stock worth $11,573,000 after acquiring an additional 25,576 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Kimberly-Clark by 71.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 31,733 shares of the company’s stock worth $3,946,000 after acquiring an additional 13,268 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on KMB shares. Piper Sandler reduced their price target on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Bank of America dropped their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company dropped their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Zacks Research downgraded shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Barclays dropped their price objective on shares of 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. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $114.93.

Insiders Place Their Bets

In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred 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 directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,096 shares of company stock worth $689,687. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of NASDAQ KMB opened at $97.49 on Wednesday. The company has a debt-to-equity ratio of 3.38, a current ratio of 0.77 and a quick ratio of 0.55. The stock’s fifty day moving average price is $97.68 and its two-hundred day moving average price is $101.26. Kimberly-Clark Corporation has a one year low of $92.42 and a one year high of $141.02. The firm has a market cap of $32.36 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 4.39 and a beta of 0.28.

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

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, June 5th. Kimberly-Clark’s dividend payout ratio is currently 80.38%.

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.