Peak Retirement Planning Inc. Buys New Shares in Kimberly-Clark Co. (NYSE:KMB)

Peak Retirement Planning Inc. purchased a new position in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,021 shares of the company's stock, valued at approximately $788,000.

Several other hedge funds have also modified their holdings of the stock. North Star Asset Management Inc. grew its holdings in shares of Kimberly-Clark by 26.8% during the fourth quarter. North Star Asset Management Inc. now owns 114,959 shares of the company's stock worth $15,064,000 after purchasing an additional 24,282 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in Kimberly-Clark in the fourth quarter valued at about $516,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter valued at approximately $68,000. Vise Technologies Inc. lifted its position in shares of Kimberly-Clark by 93.5% during the 4th quarter. Vise Technologies Inc. now owns 5,532 shares of the company's stock valued at $725,000 after acquiring an additional 2,673 shares during the period. Finally, Headinvest LLC lifted its position in shares of Kimberly-Clark by 8.1% during the 4th quarter. Headinvest LLC now owns 3,329 shares of the company's stock valued at $436,000 after acquiring an additional 250 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Katy Chen sold 740 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $129.70, for a total value of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares in the company, valued at $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Andrew Drexler sold 10,838 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,372 shares of company stock worth $1,858,684 over the last three months. Corporate insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Piper Sandler cut their price objective on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Royal Bank of Canada lowered their price objective on shares of Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. UBS Group lifted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an "equal weight" rating in a report on Friday, March 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Kimberly-Clark has an average rating of "Hold" and a consensus price target of $145.08.

Kimberly-Clark Stock Performance

NYSE KMB traded down $0.19 on Wednesday, hitting $142.66. The stock had a trading volume of 1,748,549 shares, compared to its average volume of 2,184,588. The company's 50-day moving average is $137.31 and its two-hundred day moving average is $135.13. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock has a market cap of $47.34 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 4.46 and a beta of 0.35. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $4.84 billion during the quarter, compared to analysts' expectations of $4.90 billion. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. During the same period last year, the firm posted $2.01 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

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.