Stablepoint Partners LLC Grows Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Stablepoint Partners LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,688 shares of the company's stock after purchasing an additional 4,610 shares during the period. Stablepoint Partners LLC's holdings in Kimberly-Clark were worth $4,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SageView Advisory Group LLC raised its position in shares of Kimberly-Clark by 4.5% in the 4th quarter. SageView Advisory Group LLC now owns 1,706 shares of the company's stock worth $224,000 after buying an additional 74 shares during the period. Park National Corp OH raised its position in shares of Kimberly-Clark by 2.6% in the 1st quarter. Park National Corp OH now owns 3,031 shares of the company's stock worth $431,000 after buying an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of Kimberly-Clark by 0.5% in the 4th quarter. OneDigital Investment Advisors LLC now owns 14,559 shares of the company's stock worth $1,908,000 after buying an additional 78 shares during the period. Confluence Wealth Services Inc. raised its position in shares of Kimberly-Clark by 5.1% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company's stock worth $208,000 after buying an additional 80 shares during the period. Finally, Ascent Wealth Partners LLC raised its position in shares of Kimberly-Clark by 1.0% in the 4th quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company's stock worth $1,221,000 after buying an additional 90 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction that occurred 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 sale, the insider now owns 3,997 shares of the company's stock, valued at approximately $518,410.90. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KMB shares. JPMorgan Chase & Co. raised their target price on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a research note on Friday, April 11th. Wall Street Zen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Barclays lowered their target price on Kimberly-Clark from $139.00 to $135.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Finally, Evercore ISI lowered their target price 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. 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. Based on data from MarketBeat, Kimberly-Clark presently has a consensus rating of "Hold" and an average price target of $145.08.

Kimberly-Clark Stock Performance

Shares of NYSE KMB opened at $135.30 on Friday. 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 firm's 50-day moving average price is $137.50 and its two-hundred day moving average price is $135.48. Kimberly-Clark Co. has a 52-week low of $124.10 and a 52-week high of $150.45. The stock has a market capitalization of $44.89 billion, a P/E ratio of 17.92, a P/E/G ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.04. The firm had revenue of $4.84 billion for 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 quarter last year, the company posted $2.01 earnings per share. As a group, sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.73%. 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.

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