IVC Wealth Advisors LLC Increases Position in Kimberly-Clark Co. (NYSE:KMB)

IVC Wealth Advisors LLC lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,937 shares of the company’s stock after buying an additional 319 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $897,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. lifted its stake in shares of Kimberly-Clark by 14.7% during the third quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the period. Morgan Stanley raised its stake in Kimberly-Clark by 4.6% during the third quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock worth $590,345,000 after purchasing an additional 212,739 shares during the period. Norges Bank purchased a new position in Kimberly-Clark during the fourth quarter worth approximately $437,420,000. Royal Bank of Canada raised its stake in Kimberly-Clark by 31.4% during the third quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after purchasing an additional 524,632 shares during the period. Finally, Capital World Investors raised its stake in Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after purchasing an additional 370,094 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insiders Place Their Bets

In other Kimberly-Clark news, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at approximately $4,562,467.91. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Katy Chen sold 454 shares of Kimberly-Clark stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $135.24, for a total value of $61,398.96. Following the completion of the transaction, the insider now directly owns 520 shares of the company’s stock, valued at approximately $70,324.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of Kimberly-Clark stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the completion of the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock valued at $3,332,776 in the last ninety days. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Down 0.4 %

KMB traded down $0.53 during trading hours on Wednesday, reaching $137.46. 736,897 shares of the stock traded hands, compared to its average volume of 2,148,150. The firm’s fifty day simple moving average is $136.08 and its two-hundred day simple moving average is $127.81. The company has a market cap of $46.28 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 3.11 and a beta of 0.37. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $142.20. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The business’s revenue was down .9% on a year-over-year basis. During the same period last year, the business earned $1.67 EPS. As a group, analysts forecast that Kimberly-Clark Co. will post 7.06 earnings per share for the current fiscal year.

Kimberly-Clark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, June 7th. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Analyst Ratings Changes

KMB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Piper Sandler increased their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. HSBC increased their price target on shares of Kimberly-Clark from $146.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a research note on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.64.

About Kimberly-Clark

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.