Freestone Grove Partners LP Takes $2.02 Million Position in Kimberly-Clark Co. (NYSE:KMB)

Freestone Grove Partners LP acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,436 shares of the company's stock, valued at approximately $2,023,000.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in shares of Kimberly-Clark by 19.4% in the third quarter. Barclays PLC now owns 1,681,671 shares of the company's stock worth $239,267,000 after buying an additional 273,813 shares during the period. World Investment Advisors LLC increased its stake in Kimberly-Clark by 50.4% during the 3rd quarter. World Investment Advisors LLC now owns 4,920 shares of the company's stock worth $700,000 after buying an additional 1,648 shares during the period. Tidal Investments LLC boosted its position in Kimberly-Clark by 9.7% in the 3rd quarter. Tidal Investments LLC now owns 33,947 shares of the company's stock valued at $4,830,000 after buying an additional 2,993 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Kimberly-Clark by 20.3% in the third quarter. Franklin Resources Inc. now owns 418,270 shares of the company's stock valued at $60,038,000 after purchasing an additional 70,633 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Kimberly-Clark by 6.2% in the 3rd quarter. Principal Financial Group Inc. now owns 416,419 shares of the company's stock worth $59,248,000 after purchasing an additional 24,383 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company's stock.

Kimberly-Clark Stock Up 0.6 %

NYSE:KMB traded up $0.74 during mid-day trading on Wednesday, reaching $133.51. The stock had a trading volume of 2,947,537 shares, compared to its average volume of 2,134,602. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The business's 50 day moving average is $138.41 and its 200 day moving average is $134.85. The stock has a market cap of $44.30 billion, a P/E ratio of 17.68, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the company earned $2.01 EPS. As a group, sell-side analysts predict that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.77%. Kimberly-Clark's dividend payout ratio is currently 68.66%.

Insider Activity

In related news, insider Katy Chen sold 740 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total value of $95,978.00. Following the sale, the insider now owns 3,997 shares of the company's stock, valued at $518,410.90. The trade was a 15.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares of the company's stock, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,872 shares of company stock worth $2,208,684. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on KMB shares. StockNews.com lowered Kimberly-Clark from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Royal Bank of Canada decreased their price target on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Citigroup lowered their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating on the stock in a research note on Wednesday, January 15th. Finally, TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price target for the company. in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.