Peak Retirement Planning Inc. Acquires New Shares in Kimberly-Clark Co. (NYSE:KMB)

Peak Retirement Planning Inc. bought a new position in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,021 shares of the company’s stock, valued at approximately $788,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC raised its position in Kimberly-Clark by 19.4% during the third quarter. Barclays PLC now owns 1,681,671 shares of the company’s stock valued at $239,267,000 after acquiring an additional 273,813 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Kimberly-Clark by 0.5% during the 4th quarter. Rhumbline Advisers now owns 728,728 shares of the company’s stock worth $95,492,000 after purchasing an additional 3,273 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Kimberly-Clark by 2.8% during the 4th quarter. Schroder Investment Management Group now owns 464,053 shares of the company’s stock valued at $60,615,000 after purchasing an additional 12,768 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in shares of Kimberly-Clark by 8.8% in the 4th quarter. Toth Financial Advisory Corp now owns 32,556 shares of the company’s stock valued at $4,266,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kimberly-Clark by 16.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 279,044 shares of the company’s stock valued at $36,776,000 after purchasing an additional 38,529 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KMB shares. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, March 28th. Piper Sandler lowered their target price on Kimberly-Clark from $158.00 to $156.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Evercore ISI lowered their price objective on shares of Kimberly-Clark from $168.00 to $155.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada dropped their target price on shares of Kimberly-Clark from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.08.

Kimberly-Clark Stock Up 1.3%

Shares of KMB stock opened at $141.56 on Friday. Kimberly-Clark Co. has a one year low of $124.10 and a one year high of $150.45. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.80 and a quick ratio of 0.54. The stock has a fifty day moving average price of $137.20 and a 200 day moving average price of $134.98. The stock has a market cap of $46.97 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 4.46 and a beta of 0.35.

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

Kimberly-Clark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Friday, June 6th will be issued a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Friday, June 6th. Kimberly-Clark’s payout ratio is 68.66%.

Insider Activity

In other Kimberly-Clark news, insider Katy Chen sold 740 shares of Kimberly-Clark stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $129.70, for a total transaction of $95,978.00. Following the completion of the transaction, the insider now directly owns 3,997 shares of the company’s stock, valued at approximately $518,410.90. This trade represents a 15.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction 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 sale, the vice president now owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,372 shares of company stock worth $1,858,684. Company insiders own 0.64% of the company’s stock.

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.