Three Seasons Wealth LLC Takes Position in Kimberly-Clark Corporation $KMB

Three Seasons Wealth LLC bought a new position in Kimberly-Clark Corporation (NASDAQ:KMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,189 shares of the company’s stock, valued at approximately $530,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMB. Monarch Capital Management Inc. grew its stake in shares of Kimberly-Clark by 1.9% during the 2nd quarter. Monarch Capital Management Inc. now owns 4,372 shares of the company’s stock worth $568,000 after purchasing an additional 81 shares during the period. Deseret Mutual Benefit Administrators increased its holdings in shares of Kimberly-Clark by 3.5% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 2,585 shares of the company’s stock valued at $321,000 after purchasing an additional 87 shares in the last quarter. Bill Few Associates Inc. increased its holdings in shares of Kimberly-Clark by 2.2% during the 3rd quarter. Bill Few Associates Inc. now owns 4,787 shares of the company’s stock valued at $595,000 after purchasing an additional 103 shares in the last quarter. NTV Asset Management LLC lifted its stake in shares of Kimberly-Clark by 4.1% in the 3rd quarter. NTV Asset Management LLC now owns 2,640 shares of the company’s stock valued at $328,000 after purchasing an additional 103 shares during the period. Finally, Comprehensive Financial Consultants Institutional Inc. lifted its stake in shares of Kimberly-Clark by 1.8% in the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,729 shares of the company’s stock valued at $712,000 after purchasing an additional 104 shares during the period. 76.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kimberly-Clark

In related news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total value of $317,980.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group upped their price objective on shares of Kimberly-Clark from $107.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company set a $110.00 target price on Kimberly-Clark in a research report on Tuesday, February 17th. Citigroup cut their price target on Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $115.85.

Kimberly-Clark Trading Up 0.1%

Shares of KMB opened at $96.47 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97. Kimberly-Clark Corporation has a 12-month low of $94.54 and a 12-month high of $147.12. The firm has a 50-day moving average price of $103.27 and a 200 day moving average price of $107.40. The firm has a market capitalization of $32.02 billion, a P/E ratio of 15.89, a P/E/G ratio of 3.43 and a beta of 0.24.

Kimberly-Clark (NASDAQ:KMB) last issued its earnings results on Tuesday, January 27th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. Kimberly-Clark’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. Sell-side analysts forecast that Kimberly-Clark Corporation will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be given a dividend of $1.28 per share. This represents a $5.12 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, March 6th. This is a boost from Kimberly-Clark’s previous quarterly dividend of $1.26. Kimberly-Clark’s dividend payout ratio is presently 84.35%.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.