Safe Harbor Fiduciary LLC Has $421,000 Position in Kimberly-Clark Co. (NYSE:KMB)

Safe Harbor Fiduciary LLC boosted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,211 shares of the company’s stock after buying an additional 118 shares during the quarter. Safe Harbor Fiduciary LLC’s holdings in Kimberly-Clark were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Barclays PLC increased its position in Kimberly-Clark by 19.4% in 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 in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Kimberly-Clark by 4.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,801 shares of the company’s stock valued at $629,000 after buying an additional 206 shares in the last quarter. Park Avenue Securities LLC increased its position in Kimberly-Clark by 77.4% in the 4th quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock valued at $1,807,000 after buying an additional 6,016 shares in the last quarter. Burney Co. increased its position in Kimberly-Clark by 6.8% in the 4th quarter. Burney Co. now owns 11,666 shares of the company’s stock valued at $1,529,000 after buying an additional 740 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Kimberly-Clark by 7.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 24,983 shares of the company’s stock worth $3,274,000 after purchasing an additional 1,818 shares in the last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the sale, the vice president now directly owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Katy Chen sold 1,794 shares of the stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total transaction of $234,547.56. Following the sale, the insider now owns 3,098 shares of the company’s stock, valued at approximately $405,032.52. This represents a 36.67% 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 90 days. 0.64% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KMB. Royal Bank of Canada decreased their price objective on Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Piper Sandler decreased their price objective on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Barclays decreased their price objective on Kimberly-Clark from $139.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. UBS Group boosted their price objective on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Finally, Evercore ISI cut their target price on Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has an average rating of “Hold” and an average target price of $145.08.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $139.33 on Friday. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business’s 50 day simple moving average is $137.09 and its 200 day simple moving average is $134.75. The company has a market cap of $46.23 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 4.46 and a beta of 0.35.

Kimberly-Clark (NYSE:KMB) last posted its earnings results on Tuesday, April 22nd. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.90 billion. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. During the same quarter in the prior year, the business posted $2.01 earnings per share. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current 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 $1.26 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.04 dividend on an annualized basis and a yield of 3.62%. Kimberly-Clark’s dividend payout ratio is presently 68.66%.

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.