Kimberly-Clark Corporation $KMB Shares Purchased by Permanent Capital Management LP

Permanent Capital Management LP raised its holdings in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 172.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,187 shares of the company’s stock after acquiring an additional 5,186 shares during the period. Permanent Capital Management LP’s holdings in Kimberly-Clark were worth $837,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in shares of Kimberly-Clark during the third quarter valued at $25,000. True Wealth Design LLC raised its stake in shares of Kimberly-Clark by 177.6% during the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in Kimberly-Clark in the second quarter worth about $27,000. Vermillion & White Wealth Management Group LLC grew its position in Kimberly-Clark by 105.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 247 shares of the company’s stock valued at $32,000 after buying an additional 127 shares in the last quarter. Finally, Investors Research Corp bought a new position in Kimberly-Clark in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on KMB. Weiss Ratings restated a “hold (c-)” rating on shares of Kimberly-Clark in a research report on Monday, December 29th. BNP Paribas Exane reiterated a “neutral” rating and issued a $110.00 price objective on shares of Kimberly-Clark in a report on Monday, December 1st. UBS Group raised their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a report on Tuesday, February 17th. Finally, Piper Sandler decreased their price target on Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kimberly-Clark presently has a consensus rating of “Hold” and a consensus price target of $116.42.

Kimberly-Clark Trading Down 0.3%

Shares of NASDAQ KMB opened at $98.25 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 12 month low of $96.26 and a 12 month high of $147.12. The company has a market cap of $32.61 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 3.49 and a beta of 0.24. The business has a fifty day simple moving average of $103.45 and a 200-day simple moving average of $109.06.

Kimberly-Clark (NASDAQ:KMB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Kimberly-Clark had a return on equity of 170.48% and a net margin of 11.73%.Kimberly-Clark’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. Sell-side analysts predict that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a dividend yield of 5.2%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.26. The ex-dividend date of this dividend is Friday, March 6th. Kimberly-Clark’s payout ratio is 84.35%.

Insider Activity

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total value of $317,980.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Profile

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.