Synergy Asset Management LLC Grows Holdings in Kimberly-Clark Co. (NYSE:KMB)

Synergy Asset Management LLC raised its stake in shares of Kimberly-Clark Co. (NYSE:KMB - Free Report) by 15,538.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,314 shares of the company's stock after purchasing an additional 38,069 shares during the quarter. Synergy Asset Management LLC's holdings in Kimberly-Clark were worth $5,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock worth $851,000 after acquiring an additional 2,765 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Kimberly-Clark in the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its holdings in shares of Kimberly-Clark by 16.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,410 shares of the company's stock worth $185,000 after acquiring an additional 200 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Kimberly-Clark by 1.2% in the 4th quarter. Private Advisor Group LLC now owns 37,632 shares of the company's stock worth $4,931,000 after acquiring an additional 457 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Kimberly-Clark by 12.1% in the 4th quarter. Handelsbanken Fonder AB now owns 153,501 shares of the company's stock worth $20,115,000 after acquiring an additional 16,515 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Kimberly-Clark from $158.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. 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 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 stock an "underweight" rating in a report on Friday, April 11th. Wall Street Zen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Evercore ISI lowered their price target on shares of Kimberly-Clark from $168.00 to $155.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.73.

Kimberly-Clark Trading Up 0.3%

NYSE:KMB traded up $0.33 during midday trading on Friday, reaching $128.29. 5,306,945 shares of the stock traded hands, compared to its average volume of 2,193,239. The company has a fifty day moving average of $135.96 and a 200 day moving average of $134.89. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The stock has a market capitalization of $42.57 billion, a P/E ratio of 16.99, a PEG ratio of 4.46 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period in the prior year, the business earned $2.01 EPS. On average, research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.93%. Kimberly-Clark's dividend payout ratio (DPR) is presently 68.66%.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of the company's stock in a transaction 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 approximately $518,410.90. This represents a 15.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.