Moment Partners LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Moment Partners LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $655,000.

Several other hedge funds and other institutional investors also recently modified their holdings of KMB. FMR LLC boosted its stake in Kimberly-Clark by 3.2% in the third quarter. FMR LLC now owns 572,463 shares of the company’s stock worth $81,450,000 after buying an additional 17,919 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Kimberly-Clark in the 3rd quarter worth approximately $120,000. Avestar Capital LLC boosted its stake in shares of Kimberly-Clark by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock valued at $278,000 after purchasing an additional 95 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Kimberly-Clark by 90.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 684,623 shares of the company’s stock valued at $97,408,000 after purchasing an additional 326,061 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. raised its position in Kimberly-Clark by 18.6% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 8,062 shares of the company’s stock worth $1,147,000 after purchasing an additional 1,267 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

KMB has been the topic of a number of recent research reports. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Wells Fargo & Company cut their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Piper Sandler reiterated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Barclays cut their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus price target of $143.64.

Insiders Place Their Bets

In other news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the sale, the vice president now directly owns 2,553 shares of the company’s stock, valued at $357,420. The trade was a 49.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Kimberly-Clark Stock Up 1.9 %

KMB stock opened at $139.53 on Thursday. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. 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 business’s 50 day moving average price is $135.58 and its two-hundred day moving average price is $136.06. Kimberly-Clark Co. has a fifty-two week low of $123.84 and a fifty-two week high of $150.45.

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

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a dividend of $1.26 per share. The ex-dividend date is Friday, March 7th. This represents a $5.04 annualized dividend and a yield of 3.61%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is presently 66.75%.

Kimberly-Clark Company Profile

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.