Syon Capital LLC Grows Position in Kimberly-Clark Co. (NYSE:KMB)

Syon Capital LLC increased its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 22.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,669 shares of the company’s stock after buying an additional 841 shares during the quarter. Syon Capital LLC’s holdings in Kimberly-Clark were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KMB. OFI Invest Asset Management purchased a new position in Kimberly-Clark during the 3rd quarter worth approximately $25,000. Cranbrook Wealth Management LLC lifted its position in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the period. Centerpoint Advisors LLC grew its stake in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Kimberly-Clark in the 4th quarter valued at approximately $35,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Kimberly-Clark in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB traded down $1.19 during trading on Friday, reaching $135.24. 2,123,854 shares of the stock were exchanged, compared to its average volume of 2,231,645. Kimberly-Clark Co. has a 1 year low of $116.32 and a 1 year high of $147.09. The company has a market capitalization of $45.54 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 4.05 and a beta of 0.40. The business’s 50 day moving average price is $125.53 and its two-hundred day moving average price is $122.75. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Kimberly-Clark Co. will post 6.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KMB. Piper Sandler lifted their target price on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their target price on Kimberly-Clark from $123.00 to $126.00 and gave the company a “sector perform” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research note on Wednesday. Evercore ISI upgraded Kimberly-Clark from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $133.00 to $150.00 in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price target on Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $135.50.

Insider Transactions at Kimberly-Clark

In related news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark T. Smucker purchased 827 shares of the stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $120.98 per share, with a total value of $100,050.46. Following the transaction, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

About Kimberly-Clark

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.