Apexium Financial LP Has $1.22 Million Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Apexium Financial LP increased its holdings in Kimberly-Clark Co. (NYSE:KMB) by 283.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,253 shares of the company’s stock after acquiring an additional 6,837 shares during the period. Apexium Financial LP’s holdings in Kimberly-Clark were worth $1,220,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMB. William B. Walkup & Associates Inc. bought a new stake in shares of Kimberly-Clark during the 2nd quarter worth $26,000. Darwin Wealth Management LLC bought a new stake in Kimberly-Clark in the third quarter worth about $29,000. DiNuzzo Private Wealth Inc. raised its position in Kimberly-Clark by 808.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 227 shares of the company’s stock worth $32,000 after acquiring an additional 202 shares during the period. Kennebec Savings Bank purchased a new position in Kimberly-Clark in the third quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Kimberly-Clark during the 3rd quarter worth approximately $39,000. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $128.40 on Monday. The firm has a fifty day simple moving average of $131.85 and a two-hundred day simple moving average of $137.59. Kimberly-Clark Co. has a twelve month low of $117.67 and a twelve month high of $149.30. The company has a market capitalization of $42.82 billion, a PE ratio of 16.65, a P/E/G ratio of 3.53 and a beta of 0.41. 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 Dividend Announcement

The business also recently announced 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. This represents a $4.88 annualized dividend and a yield of 3.80%. The ex-dividend date was Friday, December 6th. Kimberly-Clark’s dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KMB. TD Cowen downgraded Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Citigroup cut 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. Barclays lowered their price objective on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price objective on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. 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, the company currently has an average rating of “Hold” and an average price target of $143.71.

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 3,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $139.01, for a total transaction of $417,030.00. Following the completion of the sale, the vice president now owns 5,053 shares of the company’s stock, valued at $702,417.53. This represents a 37.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

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.