Vise Technologies Inc. raised its stake in shares of Kimberly-Clark Corporation (NASDAQ:KMB – Free Report) by 75.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,897 shares of the company’s stock after purchasing an additional 5,119 shares during the period. Vise Technologies Inc.’s holdings in Kimberly-Clark were worth $1,200,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Kimberly-Clark during the second quarter valued at about $27,000. Godfrey Financial Associates Inc. acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $25,000. Eagle Bay Advisors LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $28,000. Newbridge Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 140 shares during the last quarter. Finally, Entrust Financial LLC acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $32,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
Kimberly-Clark Trading Down 1.3%
Shares of KMB stock opened at $97.75 on Tuesday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.55 and a current ratio of 0.77. The stock has a market capitalization of $32.45 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 4.44 and a beta of 0.28. The company has a 50 day moving average price of $97.45 and a 200 day moving average price of $101.01. Kimberly-Clark Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $137.46.
Kimberly-Clark Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 5th will be issued a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a yield of 5.2%. The ex-dividend date is Friday, June 5th. Kimberly-Clark’s payout ratio is 80.38%.
Insider Activity at Kimberly-Clark
In other Kimberly-Clark news, VP Andrew Scribner sold 4,095 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $98.00, for a total transaction of $401,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Katy Chen sold 1,596 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $95.34, for a total transaction of $152,162.64. Following the transaction, the insider owned 8,362 shares of the company’s stock, valued at $797,233.08. This trade represents a 16.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,096 shares of company stock valued at $689,687 in the last quarter. 0.75% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Friday, March 27th. Zacks Research cut shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kimberly-Clark from $110.00 to $109.00 and set a “hold” rating for the company in a report on Monday, March 30th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Finally, Barclays dropped their price objective on shares of Kimberly-Clark from $105.00 to $99.00 and set an “equal weight” rating for the company in a report on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $114.93.
Get Our Latest Stock Report on KMB
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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