United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires New Position in Kimberly-Clark Co. (NYSE:KMB)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in Kimberly-Clark Co. (NYSE:KMB) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,800 shares of the company’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KMB. Truvestments Capital LLC boosted its holdings in Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock valued at $424,000 after acquiring an additional 78 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of Kimberly-Clark by 5.1% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock valued at $208,000 after buying an additional 80 shares during the period. YHB Investment Advisors Inc. raised its stake in Kimberly-Clark by 3.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 2,519 shares of the company’s stock worth $330,000 after buying an additional 83 shares in the last quarter. Ascent Wealth Partners LLC lifted its holdings in Kimberly-Clark by 1.0% in the fourth quarter. Ascent Wealth Partners LLC now owns 9,321 shares of the company’s stock worth $1,221,000 after buying an additional 90 shares during the period. Finally, Avestar Capital LLC boosted its position in Kimberly-Clark by 5.1% during the 3rd quarter. Avestar Capital LLC now owns 1,953 shares of the company’s stock valued at $278,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Analyst Upgrades and Downgrades

KMB has been the subject of a number of research analyst reports. Citigroup lowered their target price 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. StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $158.00 target price (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. UBS Group lifted their price target on shares of Kimberly-Clark from $132.00 to $134.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays cut their price objective on shares of Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.64.

Kimberly-Clark Price Performance

Shares of NYSE:KMB opened at $136.95 on Wednesday. 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 stock has a market capitalization of $45.42 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The firm’s 50 day moving average price is $135.30 and its 200-day moving average price is $136.04. Kimberly-Clark Co. has a twelve month low of $123.84 and a twelve month high of $150.45.

Kimberly-Clark (NYSE:KMB) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. Equities research analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be paid a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.68%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

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.