5,141 Shares in Kimberly-Clark Co. (NYSE:KMB) Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,141 shares of the company’s stock, valued at approximately $625,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the period. Geode Capital Management LLC raised its position in Kimberly-Clark by 1.7% in the first quarter. Geode Capital Management LLC now owns 6,465,213 shares of the company’s stock valued at $866,180,000 after purchasing an additional 108,050 shares during the period. American Century Companies Inc. lifted its stake in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after purchasing an additional 641,187 shares during the last quarter. Morgan Stanley grew its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Kimberly-Clark by 123,302.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after purchasing an additional 4,426,568 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction on Monday, January 29th. The shares were bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on KMB shares. Barclays upped their target price on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. The Goldman Sachs Group began coverage on shares of Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 price objective on the stock. Piper Sandler lifted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada restated a “sector perform” rating and set a $123.00 price target on shares of Kimberly-Clark in a research report on Thursday, March 28th. Finally, HSBC boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $132.43.

Kimberly-Clark Stock Down 0.1 %

Shares of NYSE:KMB traded down $0.12 during trading hours on Wednesday, reaching $125.28. The stock had a trading volume of 2,296,007 shares, compared to its average volume of 1,909,675. The company has a debt-to-equity ratio of 6.94, a quick ratio of 0.54 and a current ratio of 0.82. The firm’s 50 day moving average is $123.91 and its 200-day moving average is $122.23. The stock has a market capitalization of $42.21 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $1.51 earnings per share 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 analyst estimates of $4.99 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts predict that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

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

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.