Inceptionr LLC raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 463.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 17,647 shares of the company’s stock after purchasing an additional 14,515 shares during the period. Kimberly-Clark accounts for 0.5% of Inceptionr LLC’s holdings, making the stock its 15th biggest position. Inceptionr LLC’s holdings in Kimberly-Clark were worth $1,780,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark during the second quarter valued at about $27,000. Godfrey Financial Associates Inc. bought a new stake in Kimberly-Clark during the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. grew its holdings in Kimberly-Clark by 96.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock valued at $29,000 after purchasing an additional 140 shares during the period. Finally, Entrust Financial LLC bought a new stake in Kimberly-Clark during the fourth quarter valued at about $32,000. Institutional investors own 76.29% of the company’s stock.
Kimberly-Clark Price Performance
Shares of Kimberly-Clark stock opened at $101.58 on Thursday. The stock’s 50-day simple moving average is $97.59 and its 200-day simple moving average is $100.98. Kimberly-Clark Corporation has a 52 week low of $92.42 and a 52 week high of $137.46. The company has a market capitalization of $33.72 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 4.51 and a beta of 0.28. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38.
Kimberly-Clark Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 5th will be given a $1.28 dividend. This represents a $5.12 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is currently 80.38%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Bank of America cut their price target on Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Wells Fargo & Company lowered their price objective on Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. UBS Group boosted their price objective on Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Piper Sandler lowered their price objective on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $114.93.
Check Out Our Latest Analysis on KMB
Insider Transactions at Kimberly-Clark
In related news, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider directly owned 8,362 shares in the company, valued at approximately $797,233.08. The trade was a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $98.00, for a total value of $401,310.00. The disclosure for this sale is available in the SEC filing. Insiders sold 7,096 shares of company stock worth $689,687 over the last quarter. 0.75% of the stock is owned by company insiders.
About Kimberly-Clark
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.
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