Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 299,660 shares of the company’s stock after buying an additional 14,831 shares during the period. Sei Investments Co. owned 0.09% of Kimberly-Clark worth $39,267,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new position in shares of Kimberly-Clark during the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in Kimberly-Clark during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark during the fourth quarter worth approximately $32,000. Finally, Synergy Asset Management LLC purchased a new stake in Kimberly-Clark in the fourth quarter valued at approximately $35,000. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $137.76 on Tuesday. The company has a market cap of $45.69 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a one year low of $123.84 and a one year high of $150.45. The business has a fifty day moving average of $135.09 and a two-hundred day moving average of $136.11. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80.

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

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $1.26 dividend. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is presently 66.75%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KMB. TD Cowen cut shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a report on Wednesday, January 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Barclays lowered their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. UBS Group upped their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $143.64.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. This trade represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by insiders.

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.