BCS Wealth Management Buys Shares of 27,364 Kimberly-Clark Corporation $KMB

Key Points

• BCS Wealth Management initiated a new stake of 27,364 shares in Kimberly‑Clark in Q4, worth about $2.76 million, and institutional ownership totals 76.29% with large additions from firms like State Street and MFS.
• Kimberly‑Clark raised its quarterly dividend to $1.28 (annualized $5.12), producing a roughly 5.3% yield and a payout ratio of 84.35%.
• In the latest quarter KMB reported EPS of $1.86 (beating estimates) while revenue of $4.08 billion slightly missed forecasts; the stock trades near $97 and carries a consensus "Hold" rating with a $114.86 target.

BCS Wealth Management bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,364 shares of the company's stock, valued at approximately $2,761,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company's stock valued at $2,615,382,000 after acquiring an additional 997,397 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company's stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the period. Capital World Investors grew its stake in Kimberly-Clark by 0.3% in the third quarter. Capital World Investors now owns 4,940,945 shares of the company's stock valued at $614,357,000 after acquiring an additional 14,306 shares during the period. Northern Trust Corp grew its stake in Kimberly-Clark by 0.3% in the third quarter. Northern Trust Corp now owns 3,890,193 shares of the company's stock valued at $483,707,000 after acquiring an additional 9,951 shares during the period. Finally, Nordea Investment Management AB grew its stake in Kimberly-Clark by 13.7% in the fourth quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company's stock valued at $281,258,000 after acquiring an additional 334,598 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB opened at $97.16 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The firm has a market capitalization of $32.25 billion, a PE ratio of 16.01, a PEG ratio of 3.53 and a beta of 0.28. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The business's 50-day simple moving average is $102.50 and its 200 day simple moving average is $105.46.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last released its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Kimberly-Clark's revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a dividend of $1.28 per share. The ex-dividend date was Friday, March 6th. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.3%. Kimberly-Clark's dividend payout ratio is currently 84.35%.

Analyst Ratings Changes

A number of brokerages have recently commented on KMB. Weiss Ratings restated a "hold (c-)" rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 10th. Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating on the stock in a report on Wednesday, January 14th. Piper Sandler cut their price target on Kimberly-Clark from $133.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 13th. Finally, Zacks Research lowered Kimberly-Clark from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $114.86.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the company's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company's stock.

Kimberly-Clark Company 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.

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