Flagship Wealth Advisors LLC Makes New Investment in Kimberly-Clark Co. (NYSE:KMB)

Flagship Wealth Advisors LLC acquired a new position in shares of Kimberly-Clark Co. (NYSE:KMB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 400 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in Kimberly-Clark by 77.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,786 shares of the company’s stock worth $1,807,000 after buying an additional 6,016 shares during the period. Pensionfund Sabic boosted its stake in Kimberly-Clark by 45.5% during the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after buying an additional 4,000 shares during the period. Barclays PLC boosted its stake in shares of 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 purchasing an additional 273,813 shares during the period. Aprio Wealth Management LLC boosted its stake in shares of Kimberly-Clark by 20.0% during the fourth quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock valued at $366,000 after purchasing an additional 466 shares during the period. Finally, West Oak Capital LLC boosted its stake in shares of Kimberly-Clark by 20,377.6% during the fourth quarter. West Oak Capital LLC now owns 33,788 shares of the company’s stock valued at $4,428,000 after purchasing an additional 33,623 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the transaction, the vice president now directly owns 2,553 shares in the company, valued at approximately $357,420. The trade was a 49.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Kimberly-Clark Stock Up 0.2 %

NYSE:KMB opened at $139.98 on Tuesday. The firm has a market cap of $46.43 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. 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 company has a 50-day moving average of $133.81 and a 200 day moving average of $136.38. Kimberly-Clark Co. has a 1-year low of $123.02 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a yield of 3.60%. Kimberly-Clark’s payout ratio is currently 66.75%.

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Citigroup lowered their target price on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 target price on shares of Kimberly-Clark in a research note on Friday, January 24th. UBS Group boosted their target price on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $143.64.

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.