Assetmark Inc. Has $2.82 Million Stock Position in Kimberly-Clark Corporation $KMB

Assetmark Inc. grew its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 45.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,650 shares of the company’s stock after acquiring an additional 7,069 shares during the period. Assetmark Inc.’s holdings in Kimberly-Clark were worth $2,816,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company’s stock valued at $851,000 after buying an additional 2,765 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Kimberly-Clark by 55.8% in the second quarter. International Assets Investment Management LLC now owns 3,400 shares of the company’s stock valued at $438,000 after acquiring an additional 1,218 shares during the period. Princeton Global Asset Management LLC boosted its position in shares of Kimberly-Clark by 989.5% in the second quarter. Princeton Global Asset Management LLC now owns 207 shares of the company’s stock valued at $27,000 after acquiring an additional 188 shares during the period. Avidian Wealth Enterprises LLC grew its stake in shares of Kimberly-Clark by 2.8% in the second quarter. Avidian Wealth Enterprises LLC now owns 6,510 shares of the company’s stock valued at $839,000 after acquiring an additional 177 shares in the last quarter. Finally, Phoenix Financial Ltd. bought a new position in Kimberly-Clark during the second quarter worth about $531,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $109.90 on Thursday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. Kimberly-Clark Corporation has a 52 week low of $96.26 and a 52 week high of $150.45. The stock has a market capitalization of $36.48 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 4.22 and a beta of 0.26. The stock has a fifty day moving average of $101.83 and a 200-day moving average of $113.40.

Kimberly-Clark (NASDAQ:KMB) last released its earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 earnings per share. On average, sell-side analysts expect that Kimberly-Clark Corporation will post 7.5 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be given a $1.28 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, March 6th. Kimberly-Clark’s dividend payout ratio (DPR) is 83.03%.

Analysts Set New Price Targets

A number of research analysts have issued reports on KMB shares. Barclays set a $102.00 target price on shares of Kimberly-Clark in a research report on Friday, January 16th. Argus raised Kimberly-Clark from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Thursday, November 13th. UBS Group raised their price objective on Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Zacks Research upgraded Kimberly-Clark from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Evercore restated an “in-line” rating and issued a $120.00 price target (down previously from $150.00) on shares of Kimberly-Clark in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $119.00.

Insiders Place Their Bets

In other news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.