Kimberly-Clark Co. (NYSE:KMB) Shares Bought by Avantax Planning Partners Inc.

by · The Cerbat Gem

Avantax Planning Partners Inc. lifted its position in Kimberly-Clark Co. (NYSE:KMB – Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,257 shares of the company’s stock after acquiring an additional 937 shares during the period. Avantax Planning Partners Inc.’s holdings in Kimberly-Clark were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC boosted its stake in shares of Kimberly-Clark by 1.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 5,337 shares of the company’s stock worth $759,000 after acquiring an additional 77 shares during the last quarter. Truvestments Capital LLC boosted its stake in shares of Kimberly-Clark by 2.7% in the third quarter. Truvestments Capital LLC now owns 2,981 shares of the company’s stock worth $424,000 after acquiring an additional 78 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in shares of Kimberly-Clark by 5.1% in the fourth quarter. Confluence Wealth Services Inc. now owns 1,637 shares of the company’s stock worth $208,000 after acquiring an additional 80 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in Kimberly-Clark by 3.4% during 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 during the last quarter. Finally, Ascent Wealth Partners LLC boosted its stake in Kimberly-Clark by 1.0% during 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 last quarter. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 10,838 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMB. Royal Bank of Canada reissued an “outperform” rating and set a $165.00 price objective on shares of Kimberly-Clark in a research note on Friday, January 24th. 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. UBS Group boosted their price objective on Kimberly-Clark from $132.00 to $134.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lowered their price objective 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. Finally, Piper Sandler restated an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.64.

View Our Latest Report on KMB

Kimberly-Clark Price Performance

KMB stock opened at $147.30 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The company has a market capitalization of $48.86 billion, a PE ratio of 19.51, a P/E/G ratio of 4.46 and a beta of 0.36. Kimberly-Clark Co. has a 12-month low of $123.02 and a 12-month high of $150.45. The business’s fifty day moving average price is $132.70 and its 200 day moving average price is $136.48.

Kimberly-Clark (NYSE:KMB – Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS 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 paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.42%. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date is Friday, March 7th. Kimberly-Clark’s payout ratio is presently 66.75%.

Kimberly-Clark Profile

(Free Report)

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.

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