LVW Advisors LLC Boosts Stake in Kimberly-Clark Co. (NYSE:KMB)

LVW Advisors LLC lifted its stake in Kimberly-Clark Co. (NYSE:KMB) by 33.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,994 shares of the company’s stock after acquiring an additional 1,757 shares during the period. LVW Advisors LLC’s holdings in Kimberly-Clark were worth $905,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Kimberly-Clark in the fourth quarter worth about $437,420,000. American Century Companies Inc. grew its position in shares of Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock worth $603,815,000 after buying an additional 641,187 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Kimberly-Clark by 31.4% during the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock worth $265,530,000 after acquiring an additional 524,632 shares in the last quarter. Capital World Investors boosted its stake in Kimberly-Clark by 23.8% in the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in Kimberly-Clark by 28.3% in the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock worth $202,740,000 after purchasing an additional 368,505 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Kimberly-Clark Price Performance

Shares of NYSE KMB opened at $138.20 on Monday. The company has a debt-to-equity ratio of 6.05, a current ratio of 0.81 and a quick ratio of 0.54. The stock has a market capitalization of $46.53 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 3.11 and a beta of 0.37. The firm’s 50 day simple moving average is $135.86 and its 200-day simple moving average is $127.56. Kimberly-Clark Co. has a 12 month low of $116.32 and a 12 month high of $142.20.

Kimberly-Clark (NYSE:KMB) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $1.67 earnings per share. Analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current year.

Kimberly-Clark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Friday, June 7th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.53%. Kimberly-Clark’s dividend payout ratio (DPR) is 89.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KMB. JPMorgan Chase & Co. boosted their target price on Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 24th. Wells Fargo & Company lifted their target price on shares of Kimberly-Clark from $131.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Piper Sandler upped their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Bank of America raised Kimberly-Clark from an “underperform” rating to a “buy” rating and upped their target price for the company from $115.00 to $160.00 in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $141.64.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now directly owns 795 shares in the company, valued at $109,050.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the completion of the transaction, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Doug Cunningham sold 3,833 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $136.82, for a total value of $524,431.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,395 shares of company stock valued at $3,332,776. 0.62% of the stock is owned by company insiders.

Kimberly-Clark 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.