Advanced Portfolio Management LLC Purchases New Position in Kimberly-Clark Co. (NYSE:KMB)

Advanced Portfolio Management LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,269 shares of the company's stock, valued at approximately $815,000.

A number of other hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at $32,000. Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark during the 4th quarter worth $33,000. Finally, Roxbury Financial LLC acquired a new position in Kimberly-Clark in the 4th quarter worth about $33,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their target price on Kimberly-Clark from $124.00 to $131.00 and gave the stock an "underweight" rating in a report on Friday, April 11th. Piper Sandler cut their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Barclays decreased their target price on shares of Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $145.08.

Kimberly-Clark Stock Up 0.8 %

NYSE KMB traded up $1.04 during trading hours on Thursday, hitting $134.63. The company's stock had a trading volume of 621,356 shares, compared to its average volume of 2,126,807. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company's 50-day simple moving average is $138.24 and its two-hundred day simple moving average is $134.84. The company has a market capitalization of $44.67 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.90 billion. During the same quarter in the previous year, the firm earned $2.01 earnings per share. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's payout ratio is currently 68.66%.

Insider Transactions at Kimberly-Clark

In other news, insider Katy Chen sold 740 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now owns 3,997 shares in the company, valued at approximately $518,410.90. This represents a 15.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew Drexler sold 10,838 shares of the company's 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 sale, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,872 shares of company stock worth $2,208,684 in the last 90 days. Insiders own 0.64% of the company's stock.

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.