NewEdge Wealth LLC Has $286,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

NewEdge Wealth LLC decreased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 97.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,354 shares of the company’s stock after selling 85,045 shares during the quarter. NewEdge Wealth LLC’s holdings in Kimberly-Clark were worth $286,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KMB. Moneta Group Investment Advisors LLC lifted its holdings in Kimberly-Clark by 123,302.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,430,158 shares of the company’s stock worth $601,394,000 after buying an additional 4,426,568 shares in the last quarter. Cowa LLC acquired a new position in shares of Kimberly-Clark in the 1st quarter valued at $54,000. Norges Bank acquired a new position in shares of Kimberly-Clark in the 4th quarter valued at $441,478,000. Imprint Wealth LLC lifted its stake in shares of Kimberly-Clark by 13,781.2% in the 2nd quarter. Imprint Wealth LLC now owns 2,763,613 shares of the company’s stock valued at $276,361,000 after purchasing an additional 2,743,704 shares during the period. Finally, FMR LLC lifted its stake in shares of Kimberly-Clark by 74.9% in the 3rd quarter. FMR LLC now owns 2,442,610 shares of the company’s stock valued at $295,189,000 after purchasing an additional 1,046,155 shares during the period. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $125.96 on Thursday. The stock has a 50-day moving average price of $124.01 and a two-hundred day moving average price of $122.26. The stock has a market cap of $42.44 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 3.77 and a beta of 0.40. The company has a current ratio of 0.82, a quick ratio of 0.54 and a debt-to-equity ratio of 6.94. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The business had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.87%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date was Thursday, March 7th. Kimberly-Clark’s dividend payout ratio is currently 93.85%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Kimberly-Clark from $119.00 to $125.00 and gave the company an “underweight” rating in a research report on Thursday, January 18th. Piper Sandler upped their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Barclays upped their price objective on shares of Kimberly-Clark from $124.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company upped their price objective on shares of Kimberly-Clark from $125.00 to $131.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus target price of $131.85.

Insider Transactions at Kimberly-Clark

In other news, insider Tristram Wilkinson sold 3,720 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Tristram Wilkinson sold 3,720 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares in the company, valued at approximately $2,084,709. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark T. Smucker bought 827 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $120.98 per share, with a total value of $100,050.46. Following the completion of the purchase, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Company insiders own 0.62% of the company’s stock.

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.