DoubleLine ETF Adviser LP Acquires 436 Shares of Kimberly-Clark Co. (NYSE:KMB)

DoubleLine ETF Adviser LP increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,992 shares of the company’s stock after buying an additional 436 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Kimberly-Clark were worth $2,489,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Kimberly-Clark by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 35,142,545 shares of the company’s stock valued at $4,605,079,000 after purchasing an additional 4,603,787 shares during the last quarter. Norges Bank bought a new position in Kimberly-Clark in the fourth quarter valued at about $582,592,000. First Trust Advisors LP boosted its position in Kimberly-Clark by 163.1% in the fourth quarter. First Trust Advisors LP now owns 2,142,749 shares of the company’s stock worth $280,786,000 after purchasing an additional 1,328,341 shares during the last quarter. Invesco Ltd. increased its position in shares of Kimberly-Clark by 21.9% during the 4th quarter. Invesco Ltd. now owns 5,653,751 shares of the company’s stock valued at $740,868,000 after purchasing an additional 1,015,141 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Kimberly-Clark in the fourth quarter worth approximately $127,436,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

KMB stock opened at $129.88 on Friday. 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 capitalization of $43.10 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37. The company’s fifty day moving average price is $138.94 and its 200-day moving average price is $135.22. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the business posted $2.01 earnings per share. On average, equities analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th will be given a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.88%. Kimberly-Clark’s dividend payout ratio is currently 68.66%.

Analysts Set New Price Targets

KMB has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. JPMorgan Chase & Co. lifted their price objective on Kimberly-Clark from $124.00 to $131.00 and gave the company an “underweight” rating in a research report on Friday, April 11th. UBS Group increased their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the stock a “neutral” rating in a report on Thursday, April 17th. Piper Sandler lowered their price target on shares of Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $145.08.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Katy Chen sold 1,794 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $130.74, for a total value of $234,547.56. Following the completion of the sale, the insider now owns 3,098 shares of the company’s stock, valued at approximately $405,032.52. This represents a 36.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,132 shares of company stock worth $2,112,706. 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.