EverSource Wealth Advisors LLC Buys 123 Shares of Kimberly-Clark Co. (NYSE:KMB)

EverSource Wealth Advisors LLC lifted its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,096 shares of the company’s stock after buying an additional 123 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kimberly-Clark were worth $406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Kimberly-Clark in the 4th quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in shares of Kimberly-Clark in the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC bought a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Kimberly-Clark during the 4th quarter worth approximately $32,000. Finally, Strategic Financial Concepts LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at $33,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Trading Down 0.2 %

Shares of KMB stock opened at $139.79 on Friday. Kimberly-Clark Co. has a fifty-two week low of $123.02 and a fifty-two week high of $150.45. The stock’s fifty day moving average price is $133.53 and its two-hundred day moving average price is $136.50. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The company has a market cap of $46.36 billion, a PE ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Equities analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $1.26 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a dividend yield of 3.61%. Kimberly-Clark’s payout ratio is 66.75%.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. The trade was a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on KMB shares. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. StockNews.com raised shares of Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. UBS Group boosted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Citigroup lowered their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a report on Wednesday, January 15th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.64.

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.