Quent Capital LLC Grows Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Quent Capital LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 84.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,064 shares of the company’s stock after purchasing an additional 486 shares during the period. Quent Capital LLC’s holdings in Kimberly-Clark were worth $139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KMB. ORG Wealth Partners LLC purchased a new stake in Kimberly-Clark in the third quarter worth $39,000. Wesbanco Bank Inc. grew its position in shares of Kimberly-Clark by 0.9% in the third quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock valued at $1,101,000 after purchasing an additional 71 shares in the last quarter. Creative Planning grew its position in shares of Kimberly-Clark by 1.3% in the third quarter. Creative Planning now owns 75,147 shares of the company’s stock valued at $10,692,000 after purchasing an additional 943 shares in the last quarter. Swedbank AB grew its position in shares of Kimberly-Clark by 3.0% in the third quarter. Swedbank AB now owns 171,142 shares of the company’s stock valued at $24,350,000 after purchasing an additional 5,034 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. grew its position in shares of Kimberly-Clark by 28.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 4,325 shares of the company’s stock valued at $615,000 after purchasing an additional 946 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Andrew Drexler sold 3,000 shares of the business’s 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 owns 5,053 shares in the company, valued at $702,417.53. The trade was a 37.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on KMB. Barclays reduced their price target on Kimberly-Clark from $144.00 to $132.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their price target on Kimberly-Clark from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Piper Sandler reiterated an “overweight” rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Finally, TD Cowen lowered Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Kimberly-Clark has a consensus rating of “Hold” and an average price target of $143.64.

Kimberly-Clark Trading Up 0.5 %

Shares of KMB stock opened at $133.87 on Thursday. Kimberly-Clark Co. has a 12-month low of $117.67 and a 12-month high of $149.30. 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 business has a 50-day moving average price of $129.99 and a two-hundred day moving average price of $136.60. The firm has a market cap of $44.64 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 4.12 and a beta of 0.41.

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

Kimberly-Clark Increases Dividend

The business also recently announced 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s payout ratio is 64.64%.

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.