BCS Wealth Management Buys Shares of 27,364 Kimberly-Clark Corporation $KMB

BCS Wealth Management bought a new stake in Kimberly-Clark Corporation (NASDAQ:KMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,364 shares of the company’s stock, valued at approximately $2,761,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in Kimberly-Clark by 5.0% in the third quarter. State Street Corp now owns 20,830,890 shares of the company’s stock valued at $2,615,382,000 after acquiring an additional 997,397 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Kimberly-Clark by 50.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,839,572 shares of the company’s stock valued at $790,934,000 after acquiring an additional 2,628,206 shares during the period. Capital World Investors grew its stake in Kimberly-Clark by 0.3% in the third quarter. Capital World Investors now owns 4,940,945 shares of the company’s stock valued at $614,357,000 after acquiring an additional 14,306 shares during the period. Northern Trust Corp grew its stake in Kimberly-Clark by 0.3% in the third quarter. Northern Trust Corp now owns 3,890,193 shares of the company’s stock valued at $483,707,000 after acquiring an additional 9,951 shares during the period. Finally, Nordea Investment Management AB grew its stake in Kimberly-Clark by 13.7% in the fourth quarter. Nordea Investment Management AB now owns 2,774,290 shares of the company’s stock valued at $281,258,000 after acquiring an additional 334,598 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

KMB opened at $97.16 on Wednesday. Kimberly-Clark Corporation has a 52-week low of $92.42 and a 52-week high of $144.30. The firm has a market capitalization of $32.25 billion, a PE ratio of 16.01, a PEG ratio of 3.53 and a beta of 0.28. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.54 and a current ratio of 0.75. The business’s 50-day simple moving average is $102.50 and its 200 day simple moving average is $105.46.

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, topping the consensus estimate of $1.81 by $0.05. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. Kimberly-Clark’s revenue was down .6% on a year-over-year basis. As a group, 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 was paid on Thursday, April 2nd. Investors of record on Friday, March 6th were issued a dividend of $1.28 per share. The ex-dividend date was Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. This represents a $5.12 annualized dividend and a yield of 5.3%. Kimberly-Clark’s dividend payout ratio is currently 84.35%.

Analyst Ratings Changes

A number of brokerages have recently commented on KMB. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Piper Sandler cut their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, Zacks Research lowered Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $114.86.

Insider Transactions at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was 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 SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Kimberly-Clark Company 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.