Core Wealth Partners LLC Purchases 511 Shares of Kimberly-Clark Co. (NYSE:KMB)

Core Wealth Partners LLC grew its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 12.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,577 shares of the company’s stock after buying an additional 511 shares during the quarter. Core Wealth Partners LLC’s holdings in Kimberly-Clark were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Truvestments Capital LLC boosted its position in Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after purchasing an additional 78 shares during the last quarter. Confluence Wealth Services Inc. raised its stake in shares of Kimberly-Clark by 5.1% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after purchasing an additional 80 shares during the period. YHB Investment Advisors Inc. boosted its holdings in shares of Kimberly-Clark by 3.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares during the last quarter. Ascent Wealth Partners LLC grew its position in Kimberly-Clark by 1.0% during the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock valued at $1,221,000 after buying an additional 90 shares during the period. Finally, Avestar Capital LLC increased its holdings in Kimberly-Clark by 5.1% during the third quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock worth $278,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Piper Sandler reissued an “overweight” rating and set a $158.00 price objective (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research note on Friday, January 24th. Finally, UBS Group boosted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.64.

Insider Buying and Selling at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Kimberly-Clark Trading Down 0.6 %

Shares of Kimberly-Clark stock opened at $136.95 on Wednesday. The company’s 50-day moving average price is $135.30 and its 200-day moving average price is $136.04. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The company has a market cap of $45.42 billion, a price-to-earnings ratio of 18.14, a PEG ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 66.75%.

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.