Signature Wealth Management Group Has $4.13 Million Holdings in Kimberly-Clark Co. (NYSE:KMB)

Signature Wealth Management Group lifted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,510 shares of the company’s stock after purchasing an additional 672 shares during the quarter. Kimberly-Clark makes up about 1.7% of Signature Wealth Management Group’s investment portfolio, making the stock its 21st largest position. Signature Wealth Management Group’s holdings in Kimberly-Clark were worth $4,129,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KMB. Aptus Capital Advisors LLC boosted its stake in Kimberly-Clark by 23.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 3,304 shares of the company’s stock valued at $470,000 after buying an additional 634 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Kimberly-Clark by 4.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,691 shares of the company’s stock valued at $1,379,000 after purchasing an additional 422 shares during the last quarter. Empirical Finance LLC raised its position in Kimberly-Clark by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 11,690 shares of the company’s stock valued at $1,663,000 after purchasing an additional 259 shares during the last quarter. Empowered Funds LLC raised its position in Kimberly-Clark by 40.2% in the 3rd quarter. Empowered Funds LLC now owns 54,019 shares of the company’s stock valued at $7,686,000 after purchasing an additional 15,482 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its position in Kimberly-Clark by 68.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 43,713 shares of the company’s stock valued at $6,219,000 after purchasing an additional 17,749 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KMB. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Citigroup cut their price objective on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Barclays cut their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, Piper Sandler restated an “overweight” rating and set a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimberly-Clark presently has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

NYSE:KMB opened at $139.79 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The stock’s 50 day moving average price is $133.53 and its two-hundred day moving average price is $136.45. The firm has a market capitalization of $46.36 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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%. On average, analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

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

Insider Transactions at Kimberly-Clark

In other news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $140.00, for a total transaction of $350,000.00. Following the transaction, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. This trade represents a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by corporate insiders.

Kimberly-Clark 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.