SageView Advisory Group LLC Acquires 74 Shares of Kimberly-Clark Co. (NYSE:KMB)

SageView Advisory Group LLC increased its stake in shares of Kimberly-Clark Co. (NYSE:KMB) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,706 shares of the company’s stock after buying an additional 74 shares during the quarter. SageView Advisory Group LLC’s holdings in Kimberly-Clark were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Kimberly-Clark by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock worth $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Norges Bank acquired a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $582,592,000. Invesco Ltd. boosted its holdings in shares of Kimberly-Clark by 21.9% in the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock worth $740,868,000 after acquiring an additional 1,015,141 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Kimberly-Clark during the 4th quarter valued at $127,436,000. Finally, Geode Capital Management LLC raised its position in Kimberly-Clark by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 8,473,459 shares of the company’s stock valued at $1,113,444,000 after purchasing an additional 797,953 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.

Kimberly-Clark Stock Down 1.2 %

Shares of NYSE:KMB opened at $139.73 on Thursday. The company has a 50 day moving average price of $139.11 and a two-hundred day moving average price of $135.75. The company has a market capitalization of $46.34 billion, a PE ratio of 18.51, a PEG ratio of 4.46 and a beta of 0.37. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. 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 posted its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Analysts forecast that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on KMB shares. Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Citigroup reduced their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. UBS Group boosted their price objective on shares of Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 target price for the company. in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.38.

Insider Activity

In related news, VP Andrew Drexler sold 10,838 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value 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 approximately $1,088,520. This represents a 58.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

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.