Modern Wealth Management LLC Has $337,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Modern Wealth Management LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 45.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,560 shares of the company’s stock after purchasing an additional 800 shares during the period. Modern Wealth Management LLC’s holdings in Kimberly-Clark were worth $337,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KMB. Confluence Wealth Services Inc. raised its position in Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after buying an additional 80 shares during the period. YHB Investment Advisors Inc. increased 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 valued at $330,000 after purchasing an additional 83 shares during the period. Ascent Wealth Partners LLC increased its holdings 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 valued at $1,221,000 after purchasing an additional 90 shares during the period. Avestar Capital LLC boosted its holdings in shares of 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 purchasing an additional 95 shares during the period. Finally, Silver Lake Advisory LLC grew its position in Kimberly-Clark by 0.8% during the fourth quarter. Silver Lake Advisory LLC now owns 11,896 shares of the company’s stock valued at $1,559,000 after purchasing an additional 95 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

KMB has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Barclays lifted their price objective on Kimberly-Clark from $138.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. UBS Group lifted their price target on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $144.50.

Kimberly-Clark Trading Up 0.7 %

Shares of NYSE:KMB opened at $140.55 on Friday. Kimberly-Clark Co. has a 52-week low of $123.84 and a 52-week 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 company has a market cap of $46.61 billion, a P/E ratio of 18.62, a P/E/G ratio of 4.46 and a beta of 0.36. The stock’s 50-day moving average is $135.86 and its 200-day moving average is $136.09.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $1.26 dividend. This represents a $5.04 annualized dividend and a yield of 3.59%. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Kimberly-Clark 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.