Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in Kimberly-Clark Co. (NYSE:KMB) by 7.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,347 shares of the company’s stock after buying an additional 372 shares during the quarter. Summit Trail Advisors LLC’s holdings in Kimberly-Clark were worth $656,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of KMB. Sequoia Financial Advisors LLC boosted its stake in shares of Kimberly-Clark by 204.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after acquiring an additional 13,806 shares during the last quarter. PFG Investments LLC lifted its position in Kimberly-Clark by 11.2% during the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock worth $252,000 after buying an additional 209 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Kimberly-Clark in the 4th quarter valued at about $4,253,000. Rockline Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter valued at about $1,661,000. Finally, Nordea Investment Management AB grew its holdings in shares of Kimberly-Clark by 28.3% during the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Barclays boosted their price objective on Kimberly-Clark from $132.00 to $136.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. The Goldman Sachs Group increased their target price on Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Piper Sandler increased their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $134.85.

Insiders Place Their Bets

In other news, insider Katy Chen sold 454 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the transaction, the insider now owns 520 shares in the company, valued at approximately $70,324.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Katy Chen sold 454 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the sale, the insider now owns 520 shares of the company’s stock, valued at approximately $70,324.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction that occurred on Wednesday, April 24th. The shares were 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 disclosure for this sale can be found here. Insiders sold a total of 20,562 shares of company stock worth $2,808,345 over the last ninety days. 0.62% of the stock is currently owned by company insiders.

Kimberly-Clark Price Performance

KMB stock traded up $0.17 during trading hours on Tuesday, hitting $136.14. 377,291 shares of the stock traded hands, compared to its average volume of 2,200,108. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. The stock has a 50-day simple moving average of $127.78 and a 200 day simple moving average of $123.53. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $145.67. The company has a market cap of $45.84 billion, a P/E ratio of 24.99, a P/E/G ratio of 3.87 and a beta of 0.38.

Kimberly-Clark (NYSE:KMB) last issued its 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. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. Equities analysts forecast that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

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.