Sierra Summit Advisors LLC Purchases 1,015 Shares of Kimberly-Clark Co. (NYSE:KMB)

Sierra Summit Advisors LLC grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,987 shares of the company’s stock after buying an additional 1,015 shares during the period. Sierra Summit Advisors LLC’s holdings in Kimberly-Clark were worth $522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KMB. Unigestion Holding SA grew its stake in shares of Kimberly-Clark by 39.4% in the 4th quarter. Unigestion Holding SA now owns 117,980 shares of the company’s stock worth $15,455,000 after buying an additional 33,332 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Kimberly-Clark by 1.7% in the fourth quarter. Federated Hermes Inc. now owns 338,655 shares of the company’s stock worth $44,377,000 after acquiring an additional 5,566 shares in the last quarter. Rahlfs Capital LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth $308,000. Wedbush Securities Inc. increased its holdings in shares of Kimberly-Clark by 36.8% during the fourth quarter. Wedbush Securities Inc. now owns 8,118 shares of the company’s stock valued at $1,064,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Kimberly-Clark by 2.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 605,619 shares of the company’s stock worth $79,360,000 after purchasing an additional 13,256 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Kimberly-Clark Stock Performance

KMB opened at $134.39 on Tuesday. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The company has a market cap of $44.57 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 4.46 and a beta of 0.37. 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’s 50 day moving average is $137.71 and its 200 day moving average is $135.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 EPS for the quarter, hitting 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, equities research analysts predict that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were paid a $1.26 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.22. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.75%. Kimberly-Clark’s dividend payout ratio is 66.75%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $140.00, for a total value of $350,000.00. Following the completion of the sale, the vice president now owns 2,553 shares in the company, valued at approximately $357,420. This represents a 49.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price target on shares of Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Citigroup reduced their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, March 28th. Finally, Piper Sandler reissued an “overweight” rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $144.85.

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.