ExodusPoint Capital Management LP Makes New $26.16 Million Investment in Kimberly-Clark Co. (NYSE:KMB)

ExodusPoint Capital Management LP purchased a new stake in Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 199,654 shares of the company’s stock, valued at approximately $26,163,000. ExodusPoint Capital Management LP owned approximately 0.06% of Kimberly-Clark as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of KMB. FMR LLC boosted its position in Kimberly-Clark by 3.2% during the 3rd quarter. FMR LLC now owns 572,463 shares of the company’s stock valued at $81,450,000 after acquiring an additional 17,919 shares in the last quarter. Ascent Group LLC grew its stake in Kimberly-Clark by 11.2% in the third quarter. Ascent Group LLC now owns 9,274 shares of the company’s stock valued at $1,320,000 after purchasing an additional 931 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in Kimberly-Clark by 11.4% in the third quarter. Hilltop Holdings Inc. now owns 12,874 shares of the company’s stock worth $1,832,000 after purchasing an additional 1,314 shares in the last quarter. HighTower Advisors LLC raised its holdings in Kimberly-Clark by 2.5% in the third quarter. HighTower Advisors LLC now owns 141,612 shares of the company’s stock worth $20,164,000 after purchasing an additional 3,514 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Kimberly-Clark by 4.2% during the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company’s stock valued at $6,735,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

KMB opened at $143.07 on Thursday. 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 firm has a 50 day moving average of $137.10 and a two-hundred day moving average of $135.97. The firm has a market capitalization of $47.45 billion, a PE ratio of 18.95, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last issued 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, analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were issued a $1.26 dividend. This represents a $5.04 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 66.75%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark 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 completion of the transaction, the vice president now directly owns 2,553 shares of the company’s stock, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. UBS Group lifted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Finally, Citigroup reduced their target price on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $144.85.

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.