Dark Forest Capital Management LP Boosts Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Dark Forest Capital Management LP increased its position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 378.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,232 shares of the company's stock after purchasing an additional 18,378 shares during the quarter. Kimberly-Clark accounts for approximately 0.4% of Dark Forest Capital Management LP's investment portfolio, making the stock its 27th largest position. Dark Forest Capital Management LP's holdings in Kimberly-Clark were worth $3,044,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on 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 owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company's stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock traded down $0.02 during midday trading on Monday, reaching $131.59. 329,310 shares of the stock were exchanged, compared to its average volume of 2,230,395. The company's fifty day moving average is $139.62 and its 200-day moving average is $135.46. The firm has a market cap of $43.64 billion, a PE ratio of 17.43, a PEG ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. 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 issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter last year, the company posted $2.01 EPS. On average, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.83%. This is a positive change from Kimberly-Clark's previous quarterly dividend of $1.22. Kimberly-Clark's payout ratio is 68.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a report on Friday, March 28th. UBS Group lifted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Evercore ISI dropped their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a research report on Wednesday, January 15th. Finally, Piper Sandler dropped their target price on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.