Mission Wealth Management LP Purchases 231 Shares of Kimberly-Clark Co. (NYSE:KMB)

Mission Wealth Management LP boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,213 shares of the company’s stock after buying an additional 231 shares during the quarter. Mission Wealth Management LP’s holdings in Kimberly-Clark were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Legacy Financial Group LLC bought a new stake in shares of Kimberly-Clark in the third quarter valued at approximately $37,000. Bailard Inc. grew its holdings in Kimberly-Clark by 18.8% during the 3rd quarter. Bailard Inc. now owns 6,914 shares of the company’s stock valued at $836,000 after buying an additional 1,096 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Kimberly-Clark by 1.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 162,567 shares of the company’s stock valued at $19,646,000 after buying an additional 1,800 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Kimberly-Clark by 3.4% in the third quarter. Brown Advisory Inc. now owns 423,507 shares of the company’s stock worth $51,181,000 after buying an additional 13,757 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new position in shares of Kimberly-Clark in the third quarter valued at approximately $691,000. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $136.10 on Friday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 0.54 and a current ratio of 0.81. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $146.15. The firm has a market cap of $45.83 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.89 and a beta of 0.38. The business’s 50 day moving average price is $127.19 and its 200-day moving average price is $123.33.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. Kimberly-Clark’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. On average, equities research analysts anticipate that Kimberly-Clark Co. will post 7 earnings per share for the current year.

Kimberly-Clark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, June 7th. Kimberly-Clark’s payout ratio is currently 89.71%.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of Kimberly-Clark stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares in the company, valued at $109,050.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $136.83, for a total transaction of $342,075.00. Following the sale, the vice president now directly owns 8,053 shares of the company’s stock, valued at $1,101,891.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paula Ramos sold 10,178 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares of the company’s stock, valued at approximately $109,050.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,562 shares of company stock worth $2,808,345. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

KMB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 24th. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 24th. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a report on Thursday, April 11th. Finally, UBS Group boosted their price objective on Kimberly-Clark from $135.00 to $138.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimberly-Clark has a consensus rating of “Hold” and a consensus target price of $134.85.

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.