Sage Mountain Advisors LLC Has $314,000 Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sage Mountain Advisors LLC cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,583 shares of the company’s stock after selling 210 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Kimberly-Clark were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kimberly-Clark by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,191,478 shares of the company’s stock valued at $869,090,000 after buying an additional 177,712 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Kimberly-Clark by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after buying an additional 641,187 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Kimberly-Clark by 4.6% during the 3rd quarter. Morgan Stanley now owns 4,884,941 shares of the company’s stock valued at $590,345,000 after buying an additional 212,739 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Kimberly-Clark by 4.0% during the 3rd quarter. Northern Trust Corp now owns 4,051,719 shares of the company’s stock valued at $489,650,000 after buying an additional 155,066 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Kimberly-Clark by 4.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,434,571 shares of the company’s stock valued at $415,068,000 after buying an additional 148,076 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kimberly-Clark

In other news, Director Mark T. Smucker bought 827 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $120.98 per share, for a total transaction of $100,050.46. Following the completion of the transaction, the director now directly owns 827 shares in the company, valued at approximately $100,050.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $121.00, for a total value of $450,120.00. Following the completion of the sale, the insider now owns 17,229 shares in the company, valued at $2,084,709. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark T. Smucker acquired 827 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average price of $120.98 per share, with a total value of $100,050.46. Following the acquisition, the director now directly owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMB shares. Piper Sandler raised their price objective on Kimberly-Clark from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company lifted their price target on Kimberly-Clark from $125.00 to $131.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. lifted their price target on Kimberly-Clark from $119.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. HSBC lifted their price target on Kimberly-Clark from $134.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on Kimberly-Clark in a research report on Friday, March 1st. They set a “buy” rating and a $135.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $131.85.

Kimberly-Clark Price Performance

Shares of KMB stock opened at $136.10 on Tuesday. The stock’s fifty day simple moving average is $124.44 and its 200 day simple moving average is $122.43. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The firm has a market cap of $45.85 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 3.77 and a beta of 0.40. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.87.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The business had revenue of $5 billion during the quarter, compared to analyst estimates of $4.99 billion. Kimberly-Clark had a return on equity of 260.47% and a net margin of 8.63%. Kimberly-Clark’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS. On average, analysts expect that Kimberly-Clark Co. will post 6.84 earnings per share for the current fiscal year.

Kimberly-Clark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Stockholders of record on Friday, March 8th were given a dividend of $1.22 per share. The ex-dividend date was Thursday, March 7th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.18. Kimberly-Clark’s payout ratio is presently 93.85%.

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.