Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Southland Equity Partners LLC

Southland Equity Partners LLC grew its stake in Kimberly-Clark Co. (NYSE:KMB) by 15.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,809 shares of the company’s stock after buying an additional 1,016 shares during the period. Southland Equity Partners LLC’s holdings in Kimberly-Clark were worth $1,023,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of KMB. State Street Corp boosted its stake in Kimberly-Clark by 5.9% in the third quarter. State Street Corp now owns 19,304,396 shares of the company’s stock valued at $2,768,367,000 after acquiring an additional 1,083,824 shares in the last quarter. Sarasin & Partners LLP lifted its holdings in shares of Kimberly-Clark by 140.1% in the 4th quarter. Sarasin & Partners LLP now owns 988,294 shares of the company’s stock valued at $129,506,000 after purchasing an additional 576,610 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Kimberly-Clark by 1,427.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 589,771 shares of the company’s stock worth $77,284,000 after buying an additional 551,158 shares during the last quarter. Nordea Investment Management AB grew its stake in Kimberly-Clark by 20.4% during the 4th quarter. Nordea Investment Management AB now owns 2,740,525 shares of the company’s stock worth $358,625,000 after buying an additional 464,615 shares during the last quarter. Finally, Ilex Capital Partners UK LLP increased its position in Kimberly-Clark by 140.0% during the third quarter. Ilex Capital Partners UK LLP now owns 662,620 shares of the company’s stock worth $94,278,000 after buying an additional 386,510 shares during the period. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

Shares of KMB opened at $127.13 on Friday. The company has a market capitalization of $42.39 billion, a PE ratio of 16.49, a P/E/G ratio of 3.53 and a beta of 0.41. Kimberly-Clark Co. has a 52-week low of $117.67 and a 52-week high of $149.30. The company has a 50-day simple moving average of $132.05 and a 200-day simple moving average of $137.75. The company has a quick ratio of 0.55, a current ratio of 0.83 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.14. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $5.06 billion. Kimberly-Clark had a net margin of 12.97% and a return on equity of 198.59%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. Equities research analysts predict that Kimberly-Clark Co. will post 7.32 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were issued a dividend of $1.22 per share. The ex-dividend date was Friday, December 6th. This represents a $4.88 annualized dividend and a yield of 3.84%. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 3,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $139.01, for a total value of $417,030.00. Following the sale, the vice president now directly owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMB. Barclays lowered their target price on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Piper Sandler dropped their price objective on shares of Kimberly-Clark from $175.00 to $161.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. UBS Group decreased their target price on shares of Kimberly-Clark from $151.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Kimberly-Clark currently has a consensus rating of “Hold” and a consensus target price of $143.71.

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.