Apollon Wealth Management LLC Acquires 1,828 Shares of Kimberly-Clark Co. (NYSE:KMB)

Apollon Wealth Management LLC increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,517 shares of the company’s stock after acquiring an additional 1,828 shares during the period. Apollon Wealth Management LLC’s holdings in Kimberly-Clark were worth $2,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Avenue Securities LLC grew its stake in shares of Kimberly-Clark by 77.4% in the 4th 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 last quarter. Pensionfund Sabic grew its stake in shares of Kimberly-Clark by 45.5% in the fourth quarter. Pensionfund Sabic now owns 12,800 shares of the company’s stock worth $1,677,000 after acquiring an additional 4,000 shares during the last quarter. Barclays PLC increased its holdings 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 acquiring an additional 273,813 shares in the last quarter. Vest Financial LLC raised its position in shares of Kimberly-Clark by 6.5% in the 3rd quarter. Vest Financial LLC now owns 347,269 shares of the company’s stock worth $49,409,000 after purchasing an additional 21,339 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in Kimberly-Clark by 20.0% in the 4th quarter. Aprio Wealth Management LLC now owns 2,792 shares of the company’s stock worth $366,000 after purchasing an additional 466 shares in the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling at Kimberly-Clark

In other news, VP Andrew Drexler sold 3,000 shares of Kimberly-Clark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $139.01, for a total transaction of $417,030.00. Following the transaction, the vice president now directly owns 5,053 shares of the company’s stock, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KMB shares. Barclays reduced their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. StockNews.com lowered shares of Kimberly-Clark from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company cut their target price on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Citigroup decreased their price target on Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research note on Wednesday, January 15th. Finally, TD Cowen cut Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $143.64.

Kimberly-Clark Price Performance

NYSE KMB opened at $130.29 on Monday. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05. The firm has a market capitalization of $43.45 billion, a P/E ratio of 17.26, a PEG ratio of 4.12 and a beta of 0.41. The company has a 50-day moving average price of $130.22 and a 200-day moving average price of $136.75. Kimberly-Clark Co. has a 52 week low of $117.67 and a 52 week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts anticipate that Kimberly-Clark Co. will post 7.51 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.26 per share. 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 annualized dividend and a yield of 3.87%. Kimberly-Clark’s payout ratio is 64.64%.

Kimberly-Clark Company Profile

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.