Advanced Portfolio Management LLC Makes New $815,000 Investment in Kimberly-Clark Co. (NYSE:KMB)

Advanced Portfolio Management LLC bought a new position in shares of Kimberly-Clark Co. (NYSE:KMB) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,269 shares of the company’s stock, valued at approximately $815,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC increased its position in shares of Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after acquiring an additional 6,016 shares during the last quarter. Pensionfund Sabic raised its position in shares of Kimberly-Clark by 45.5% in the 4th quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock valued at $1,677,000 after purchasing an additional 4,000 shares in the last quarter. Barclays PLC boosted its stake in shares of Kimberly-Clark by 19.4% during the 3rd quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after buying an additional 273,813 shares during the last quarter. Aprio Wealth Management LLC grew its position in shares of Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after buying an additional 466 shares in the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Kimberly-Clark by 20,377.6% in the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock worth $4,428,000 after buying an additional 33,623 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Up 0.4 %

Kimberly-Clark stock opened at $130.38 on Friday. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The stock has a market cap of $43.26 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.46 and a beta of 0.37. The company’s 50-day moving average price is $138.72 and its two-hundred day moving average price is $135.12. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 22nd. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned $2.01 earnings per share. On average, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Friday, June 6th will be paid a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.04 annualized dividend and a yield of 3.87%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Analyst Upgrades and Downgrades

KMB has been the topic of several research analyst reports. StockNews.com cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Wells Fargo & Company lifted their target price on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, March 28th. Piper Sandler dropped their price target on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Citigroup decreased their price objective on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $145.08.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Katy Chen sold 740 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the sale, the insider now owns 3,997 shares in the company, valued at $518,410.90. The trade was a 15.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,872 shares of company stock valued at $2,208,684 over the last three months. Company insiders own 0.64% 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.