Diversified Trust Co. Boosts Stock Holdings in Kimberly-Clark Corporation $KMB

Diversified Trust Co. boosted its position in Kimberly-Clark Corporation (NASDAQ:KMB) by 23.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,038 shares of the company’s stock after buying an additional 11,768 shares during the quarter. Diversified Trust Co.’s holdings in Kimberly-Clark were worth $6,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in KMB. Cloud Capital Management LLC bought a new position in shares of Kimberly-Clark during the 3rd quarter worth $25,000. True Wealth Design LLC raised its stake in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the 2nd quarter valued at about $27,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Kimberly-Clark by 105.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after purchasing an additional 127 shares during the last quarter. Finally, Investors Research Corp purchased a new stake in Kimberly-Clark during the fourth quarter valued at about $33,000. 76.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KMB shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research note on Monday, December 29th. BNP Paribas Exane restated a “neutral” rating and set a $110.00 price target on shares of Kimberly-Clark in a research note on Monday, December 1st. UBS Group raised their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Piper Sandler reduced their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Wells Fargo & Company set a $110.00 target price on shares of Kimberly-Clark in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $116.42.

Insider Buying and Selling

In other news, VP Andrew Scribner sold 3,049 shares of the business’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by insiders.

Kimberly-Clark Trading Up 1.3%

Shares of KMB opened at $99.45 on Tuesday. The business’s 50-day moving average price is $103.47 and its 200-day moving average price is $108.72. Kimberly-Clark Corporation has a twelve month low of $96.26 and a twelve month high of $147.12. The stock has a market cap of $33.01 billion, a PE ratio of 16.38, a P/E/G ratio of 3.49 and a beta of 0.24. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97.

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

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Friday, March 6th will be issued a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s payout ratio is 84.35%.

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.