Alterity Financial Group LLC Has $515,000 Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Alterity Financial Group LLC lessened its stake in Kimberly-Clark Co. (NYSE:KMB) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,240 shares of the company’s stock after selling 200 shares during the quarter. Alterity Financial Group LLC’s holdings in Kimberly-Clark were worth $515,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. West Tower Group LLC acquired a new stake in shares of Kimberly-Clark in the 2nd quarter valued at approximately $25,000. OFI Invest Asset Management bought a new stake in Kimberly-Clark in the third quarter valued at approximately $25,000. DHJJ Financial Advisors Ltd. acquired a new stake in Kimberly-Clark in the third quarter worth $26,000. Centerpoint Advisors LLC grew its holdings in shares of Kimberly-Clark by 175.0% in the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock valued at $33,000 after buying an additional 175 shares during the period. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Kimberly-Clark in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB opened at $129.33 on Friday. The company’s 50-day moving average is $122.49 and its 200-day moving average is $121.99. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The firm has a market capitalization of $43.57 billion, a PE ratio of 24.87, a PEG ratio of 4.00 and a beta of 0.40. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $147.87.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $5 billion for the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $1.54 earnings per share. Equities analysts forecast that Kimberly-Clark Co. will post 6.83 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Friday, March 8th will be given a dividend of $1.22 per share. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $4.88 annualized dividend and a yield of 3.77%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 93.85%.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, Director Mark T. Smucker purchased 827 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the purchase, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction on Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the transaction, the insider now directly owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares in the company, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a report on Thursday. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler increased their target price on Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group initiated coverage on Kimberly-Clark in a report on Friday, March 1st. They issued a “buy” rating and a $135.00 price target on the stock. Finally, Evercore ISI raised shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $133.00 to $150.00 in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $132.27.

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.